Question

loss of good by fire should be cradited to sale account
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Answer 1

Answer:

yes.....maybe.........

Answer 2

Answer:

$\huge \bf \color{green}answer$

When goods are destroyed by fire, then the "Loss by fire A/c" is debited and "Purchases A/c" is credited. The goods destroyed by fire is considered to be loss for the business and is classified as a nominal account. Therefore, according to the rule of nominal account, all the expenses and losses are to be debited.

$\huge \bf \color{green}꧁kashish \: rajput \: ꧂$