give the journal entry for
12Jan: Goods loss by fire Rs.5, 000
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Loss by fire a/c Dr 5000
To Purchase a/c 5000
Profit and Loss a/c Dr 5000
To Loss by fire a/c 5000
To Purchase a/c 5000
Profit and Loss a/c Dr 5000
To Loss by fire a/c 5000
Answered by
4
The journal entry for Goods lost by Fire is :-
Loss by fire a/c Dr 5000
To Purchase a/c 5000
Profit and Loss a/c Dr 5000
To Loss by fire a/c 5000
( Being Goods lost by Fire )
Loss by fire a/c Dr 5000
To Purchase a/c 5000
Profit and Loss a/c Dr 5000
To Loss by fire a/c 5000
( Being Goods lost by Fire )
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