what should be the accounting entries for loss of cash and assets due to robbery. what should be the supporting document to prove the robbery.
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Loss of cash due to robbery
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THE PROOF OF THE ROBBERY WOULD BE THE POLICE COMPLAINT YOU HAVE LODGED
LOSS ON THEFT AC - - - - - - -- - - - - - -DR
TO CASH
TO PARTICULAR ASSET
(BEING LOSS DUE TO THEFT/ ROBERY)
SORRY WRITE LOSS DUE TO THEFT IN STEAD OF LOSS ON ROBBERY
just debit a nominal a/c (loss by robbery) and credit the assets lost.
alll above is right
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