Question

goods purchase from Gupta and company Delhi was destroyed by accident journal entry class 11th

Answer 1

Heyaa,

_______________________________________

The journal entry will be:-

Purchase a/c. Dr
To Gupta & Co. Delhi A/c.
(being goods purchased).

Loss by accident a/c. Dr
To purchase a/c.
( Being goods loss by accident).

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☺️☺️☺️☺️

Answer 2

The sales account of Gupta and company will be debited since they sold the goods on cash payment, the buyer will credit his purchases account, and after the accident the stock account will be credited and the capital account will be credited since no one gains when an accident occurs.

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