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Goods destroy by fire-journal entry?

Answers were Sorted based on User's Feedback



Goods destroy by fire-journal entry?..

Answer / nair vineeth

Loss by fire A/c Dr
To Purchase A/c

Is This Answer Correct ?    246 Yes 21 No

Goods destroy by fire-journal entry?..

Answer / sukanta saha

goods destroyed by fire A/C debit
purchase A/c credit

Is This Answer Correct ?    57 Yes 31 No

Goods destroy by fire-journal entry?..

Answer / rabindra mallick

# If not Insured-
Profit & Loss a/c
To Trading (Stock) a/c Cr.
# If Partly Insured-
Insurance Claim a/c Dr.
profit & Loss a/c Dr.
To Trading (stock) a/c Cr.

# If fully insured-
Insurance Claim a/c Dr.
To Trading (stock) a/c Cr.

Is This Answer Correct ?    53 Yes 29 No

Goods destroy by fire-journal entry?..

Answer / jagadeesh

Loss by fire a/c--------dr
To purchases a/c

Is This Answer Correct ?    21 Yes 5 No

Goods destroy by fire-journal entry?..

Answer / sandeep kumar chhajlana

Loss by fire a/c Dr.
To stock/inventory a/c

Is This Answer Correct ?    9 Yes 1 No

Goods destroy by fire-journal entry?..

Answer / arnab das

Abnormal loss account Dr
To purchase

Is This Answer Correct ?    4 Yes 0 No

Goods destroy by fire-journal entry?..

Answer / angel

Goods destroyed ac ....Dr
To trading account
And second entry
Balance sheet asset side

Is This Answer Correct ?    10 Yes 11 No

Goods destroy by fire-journal entry?..

Answer / debraj pal

Closing Stock A/c Dr
To P/L Acct

P/L Acct Dr
To Goods destroyed by fire

Is This Answer Correct ?    39 Yes 41 No

Goods destroy by fire-journal entry?..

Answer / suraj dubey

Loss by fire A/c Dr.
To Destroyed by fire A/c

Is This Answer Correct ?    7 Yes 11 No

Goods destroy by fire-journal entry?..

Answer / raushan

By loss fired a/c. Dr
To destroyed a/c. Cr

Is This Answer Correct ?    3 Yes 7 No

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