Describe the procedure for computing the loss of stock by fire.
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 |
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0 Answers State Bank Of India SBI,
Expand L T C
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