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
What do you mean by balancing of ledger account?
what is current rate of excies duty for a manufacturing company?
What is good accounts Process & Execution capabilities?
Tell me what are things will not be included in bank reconciliation statement?
Hi Everybody, Can anybody tell me how to create ledger in Peachtree Accounting software, means there are some Code, which Codes Comes under which ledger Account.your prompt Answer will be highly appreciated, Thanks & regards, Khan
Define fictitious assets?
What steps would you take to locate the errors in case trial balance disagrees?
Tell me about a situation where you showed determination?
What are the effects of international accounting standards on accounting practices of developing nations?
What is consignment cycle.?Explain the steps involved in the Consignmet..?
Define trade bills?
if we have provision for bad debts and RDD then on which amount we have to calculate RDD original or deducted?
salary and rent entry with tds deduct
Tell me what is the abbreviation for the accounting terms debit and credit?
What is account in accounting?