What will be the journal entry for good lost by fire. How
many entries will be passed in the books of account for the
same.

Answer Posted / venkatesh

Profit & Loss A/c Dr
To Loss of goods by fire A/c
(Being goods lost by fire)

Is This Answer Correct ?    43 Yes 31 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What are the methods used in different industries for labor and non-labor costs in Projects.

1669


your company by machinary for Rs 3000000/-, what will be the maximum term lean avaible form bank?

1493


What are the advantages & disadvantages of double entry system?

729


what is the primary of for-profit organisation

1446


I wana give interview as a accountant what the question will asked by interviewer ??? Please suggest me so I can clear inteview. abhinandan

1646






journal entry for prepaid insurance and salary outstanding

1234


What are the difference between Debit Memorandum and Credit Memorandum?

1607


What is good accounts Process & Execution capabilities?

1678


How can you do credit control?

780


swagat staryed business on 1st jan 2005 with cash on hand Rs. 10000

1526


What all are the documents need to check for a supplier payment?

1277


how to calculate the rate of hard ,soft and very very hard rock rate of cubic meter

1194


What do you mean by material facts in accounting?

718


What do you find most satisfying about this job?

720


What is mutual fund sub accounting?

756