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Cash

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(Querist)
17 September 2014 4 lac cash theft, what will journal entry pass and is shownig in P&L OR B.S. thanks in advance
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CA Tejas Mistry

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CA Tejas Mistry (Expert)
17 September 2014 You can pass a below entry
Loss by theft A/c Dr (In P&L)
to Cash A/c

(Being Cash loss by theft)

But you should have proper proof of loss like FIR to police .

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