Account
This query is : Resolved
sumit kumar jha
(Querist)
06 December 2013
2000rs stock distored by fire and insursnce company are paid1500rs amount. 500 rs are not payment so what is adjustment.
CMA Ramesh Krishnan
(Expert)
06 December 2013
Balance Rs. 500 need to debit as abnormal loss of stock
Ganeshbabu K
(Expert)
07 December 2013
Dr.Loss of stock A/c 500
Dr.Bank A/c 1500
Cr.stock lost in fire[purchasesA/c]2000
Dr.Bank A/c 1500
Cr.stock lost in fire[purchasesA/c]2000
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