Describe the procedure for computing the loss of stock by fire.
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Answer / nithesh
loss of stock by fire--------dr
to trading a/c
being loss accurde amount charged to trading account
profit & loss a/c------------dr
to loss of stock by fir
being loss debited to p&l a/c
| Is This Answer Correct ? | 4 Yes | 1 No |
in BRS. cash book and pass book has Dr. side and Cr. side If we issued a cheque where we have to show that amount in both.
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