Question

goods worth rupees 600 stolen by an employee journal entry​

Answer 1

Explanation:

Debit loss by theft; credit cash. Debit: Profit & Loss Account, Credit: Cash in Hand or Pretty Cash. The nature of debit is considered as expense & the nature of credit is known as Asset. ... If you have an account which is already open for such type of losses then you have to debit such kind of account.

Answer 2

Answer:

loss by theft a/c Dr

to purchase a/c