Business Studies, asked by anushanadar864, 1 month ago

why goods stolen away is entered in credit side of trading a/c?​

Answers

Answered by kimtaehyung21
1

Answer:

Meaning- Goods were stolen, so it will reduce the stock . i.e. purchases. Effect- Purchases are assets for a business, they decreased in this case so purchases will be credited. ... Meaning- Goods stolen is also a loss for the business.

hope it will help you:)

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