Question

goods of rupee 100 were stolen​

Answer 1

Answer:

Lost by theft a/c Dr. 100

To Purchase a/c 100

Answer 2

Answer:

Journal entry

Loss by theft a/c     100

      To purchases A/c       100

(Being goods stolen )

Explanation:

Loss by theft - nominal account , where its loss to the company therefore its debited

Purchases - nominal account , in this case we are reversing entry of purchases.