We had purchased 100 Electrodes @ Rs 20/- Each. After a
year we found 2 Electrodes is missing by physical Count.
My Question is what journal entry should we passed against
missing of 2 electrodes.
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Answer Posted / aman
PURCHASE ACCOUNT DR 2000
TO PARTY ACCOUNT 2000
( BENING PURCHASE ELECTROESD BY ....)
PARTY ACCOUNT DR 40
TO PURCHASE A/C 40
( BEING SHORT ELECTROD 20*2)
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