Describe the procedure for computing the loss of stock by fire.
Answer Posted / nithesh
loss of stock by fire--------dr
to trading a/c
being loss accurde amount charged to trading account
profit & loss a/c------------dr
to loss of stock by fir
being loss debited to p&l a/c
| Is This Answer Correct ? | 4 Yes | 1 No |
Post New Answer View All Answers
What is the Technology used to carry out trades?
Harpithas due Rs 55000 was settled infull by taking Haris due Rs 12500 in adjustment Pass necessary entry
We are running an educational institution in Karnataka,India. Is there any ceiling stating that if gross salary is upto this then only incentive or bonus can be paid?
Which entry we pass self entry like cash withdraw for ourself
What is functional area,trading partner in sap fico
Expand----------CMST
What is the defination of job costing, batch costing and contract costing?
Expand-------NABT
Dear sir, I have complete B.com in march 2007, for past 4year i am doing some marketing jobs in insurance sector, now i need to change my job in accounting sector, i have heard that by doing SAP Fico there will be better opurtunity in corporate companies.
what is the main difference between nse & bse operations
what do u mean by single error and double error in accointing errors?
Dear sir,i have completed M.sc,MBA.STILL I AM NOT GETTING WELL POSITION .I THINK ON LOW BUGET ON COURSE TO IMPROVE MY POSITION IN FINANCE FIELD.
Expand-------NSAC
what is the system of accounting and banking in cooperative bank?
how to prepare HSD statements in tally