How can pass the entry stock goods loss by fire or theft

Answer Posted / amirdha

Loss stock on fire a/c dr
to Purchases a/c

Is This Answer Correct ?    27 Yes 6 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Tell me do you think accounting standards are mandatory and why?

623


How many types of business transactions are there in accounting?

682


if we have provision for bad debts and RDD then on which amount we have to calculate RDD original or deducted?

3302


we have received amount from others through debit/ credit cards. what is the ledger group of this? i am confused selecting the ledger group could you explain.

1173


what is loan operations and what are the complete process form from making customer to closure of loan

1682






Do is it proper fo an engineer to head a bank without a good backgroud in accounting? ?

1483


Explain me what do you think is bank reconciliation statement?

646


HOW CAN I OPEN A CC A/C ? WHAT ARE THE MINIMUM REQUERMENT TO OPEN A CC A/C ? WHAT ARE THE FACILITY OF A CC A/C IN THE BUSINESS FIELD ? WHAT ARE THE BANK CHARGES AND INTEREST IN CC A/C ?

2280


what is a state cheque? how it differes from stale cheque?

1891


What is the use of 2a, 2b & 2c form in CST ?

2078


Equipment A has a cost of Rs.75,000 and net cash flow of Rs.20000 per year for six years. A substitute equipment B would cost Rs.50,000 and generate net cash flow of Rs.14,000 per year for six years. The required rate of return of both equipments is 11 per cent. Calculate the IRR and NPV for the equipments. Which equipment should be accepted and why?

3206


What are the characteristic features of financial accounting?

642


At the time of death of a partner, firm gets ________ from the insurance company against the Joint Life Policy taken jointly for all the partners. (a) Policy Amount. (b) Surrender Value. (c) Policy Value for the dead partner and Surrender Value for the rest. (d) Surrender Value for all the partners.

1851


under which accounting rule prepaid salary?

1791


IN VAT INVOICES DISCOUNT ALLOWED OR NOT

1571