A cake shop undergone a loss of Rs. 13900 & Rs. 11400. by robbery. They don't have any insurance. What will be entry to be passed in Tally? Please help me out!
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Entry for robbery
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You need to pass entries in this case :
Remove cost of goods lost from trading A/c / Purchase A/C.
Loss On Goods theft/special perils A/c Dr..... XXX
Trading / Purchase A/c Cr............XXX
Note :- Loss on goods theft / special perils should be grouped in inderect expanse.
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