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What will be the entry in book, stock get destroyed in fire
Of rs. 1, 00,000/- in two circumstances?
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Answer Posted / suastik
Dr. Cr.
Abnormal Loss A/C Dr. 100000
To Stock Destroyed by Fire 100000
(Abnornal Loss A/C will be shown Dr.side of P/L a/c, and
Stock destroyed by fire will be Cr. side of Trading a/c. of
Rs. 100000/-.)
| Is This Answer Correct ? | 3 Yes | 1 No |
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