Question

goods costing 10000 lost due to fire

Answer 1

Answer:

Loss by fire a/c dr . 10000

To purchase a/c 10000

Answer 2

Answer

The entry will be

Loss By Fire A/c         Dr     ₹ 10,000

        To Purchase A/c                      ₹ 10,000

(Being Goods Costing 10,000 lost due to fire)