Question

Goods worth ₹6000 and 4000 were stolen by an employ

Answer 1

Answer:

what is this question write full

Answer 2

Answer:

The journal entry for Rs 6000 stolen from the safe of a firm will be as follows -

Loss from Theft A/c. Dr ________ Xxx.

To Cash A/c. _________________________ Xxx

Since , there is loss of cash , we will reduce it.

( As we follow the rule of “Debit what comes in and credit what goes out” in case of Assets )

We will debit the account of “ Loss from Theft”

( As we follow the rule of “ Debit all expenses”)

So the entry will be -

Loss from Theft A/c. Dr. ________6000

To Cash A/c. __________________________6000

Explanation:

to find the employees