What will be the entry in book, stock get destroyed in fire Of rs. 1, 00,000/- in two circumstance
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Quick Summary
This discussion explains how to record stock destroyed by fire in Tally ERP 9. The recommended journal entry involves debiting 'Goods Destroyed by Fire A/c' and crediting 'Purchase A/c'. It also covers reducing the destroyed stock from inventory within Tally ERP 9.
Goods Distroyed by Fire A/c Dr To purchase A/c Cr (Being goods Distroyed by fire ) and then reduce Distroyed stock from stock - Journal ( Inventory vouch) in Tally ERP 9.