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stock lost by fire of rs-230 and insurance company denied to
give insurance claim,journal entry
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Answer / atul kumar pandey
1 entry- stock lost by fire a/c dr.
to purchase a/c
2- entry- profit & loss a/c dr.
to lose by fire.
| Is This Answer Correct ? | 7 Yes | 1 No |
Answer / mohammed fareed
Journal Entry
Abnormal loss a/c Dr 230
To Stock account 230
next entry
Profit and Loss a/c Dr 230
To Abnormal loss a/c 230
| Is This Answer Correct ? | 0 Yes | 0 No |
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