Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

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 / atharva ruplag

the journal entry will be
Profit and loss A/c............Dr
To Trading A/c / Purchases A/c
Reference from 12 std HSC Book-keeping and Accountancy Text book


2 effects in final accounts
1st effect - P & L A/c - Debit side
2nd effect - Trading account Credit side

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is the journal entry can be passed for an opening balance (bank, fixed asset, provisions)to the new software

1577


Tell me in accounting, vat abbreviates what?

1266


Tell us do you have any idea about service tax or excise?

1080


when the ABC's personal bank to to his business bank money transferred(paid) then how to pass the entry.

1953


Who is considered the father of accounting?

1262


What are accounting rules called?

1116


Key difference between indian accounting standards and international accounting standards is.

1133


Explain financial accounting. What are its characteristic features?

1174


Tell me deferred taxation is a part of which equity?

1049


Productive Investment is Working Capital. Is it correct?

1723


is goods in transit will be liable for entry tax ?

1739


6. What is the amount of Simple Interest on $ 1,500 for 90 days at 6% interest (year is 360 days)?

2054


Tell me what a deferred asset is and give an example?

1228


i want to know f form and how to use and how can purchase

1917


cost of lease=20,000.refundable deposits 2000 (after 4 years).annuity value for 4 years @5% is .2820.find the net charge to p&l a/c

2299