Question

Loss of goods by fire should be debited to

Answer 1

$\huge\underline\frak{\fbox{AnSwEr:-}}$

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. Hence, "Loss by fire A/c" is debited when goods are destroyed by fire and "purchases A/c" is credited.

(っ◔◡◔)っ ♥ Hope it helps you

plZ Mark me brainlist ♥