Question

Goods cost by fire costing Rs10,000 (market value Rs12,000) will be credited to​

Answer 1

Answer:

Particular L.F. Dr. Cr.

Lost by fire A/c Dr.

To Purchase A/c

(Being goods destroyed by fire)

10000

10000

Goods costing Rs.10000 destroyed by fire will be credited to purchase A/c.

Answer 2

Goods destroyed by fire A/C. Dr. 10,000

TO Purchase account 1000