Question

Goods for 20,000 and furniture of the book value of 10,000 destroyed by fire.​

Answer 1

Answer:

Loss by fire account a/c. dr 10000

to purchase a/c. 10000

(Being furniture destroyed by fire)

Hope it helps you

Answer 2

Answer:

loss by fire a/c DR 30,000

To purchases a/c 20,000

To furniture a/c 10,000

( being goods and furniture destroyed by fire)

Explanation:

debit all expenses and losses . so lost by fire account should be debited .