why the loss by fire taking in to the credit side of the
trading a/c.instead of this is company's loss?
Answer Posted / rupesh
Goods lost by fire is credit side because the reduce purchase of goods cost prise
Goods lost by fire havent been sold and not included in closing stock
The purchase cost is debited
| Is This Answer Correct ? | 0 Yes | 1 No |
Post New Answer View All Answers
Clasify capital
What is inter-corporate deposits? and where it is shown in balance sheet?
what is dieerence between capital cpapital structure
if jj form not cancelled within 1hour,wat to do
Short Answer on _______Appropriation
what type of questions are asking for fund administration???
what is budgetory control and what are the types
do we have to learn all the shortcutkeys in tally.i am from non commerce background ,where should i start from.
how will i develop my fears in interviewd?
can any one send me payables real time scenarious or any projects
Examples of automatic generated content material of car logbook loans?
If in a PO, the freight condition is mentioned as Air freight and the material is actually received by Road, how does the system check before making the necessary accounting entries?
how to maintain stock if any entry mismatch pllzz tell me short cut
What is Trade Recovery Estimate and how can we calculate it?
How good are you at Finance?