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Loss by Fire

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(Querist)
03 December 2019 Dear Sir

Goods damage due to fire. i have made the below entry in books ( tally)
Loss by Fire 16230/-
Purchase a/c 14440/- Cr.
IGST Input 1790/- Cr.

Please advise it is right method or wrong
also please suggest how to reduse stock item wise in tally
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
04 December 2019 It"s right method. When you reduce purchase stock will get reduced.

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