STOCK LOSS ECOMMERCE JOURNAL ENTRIES

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Accounts executive
552 Points Posted on 13 July 2021

Dear Experts,

 

We as an ecommerce participant sold goods on amazon worth rs. 100000/- and goods rs. 10000/- were damaged at amazon warehouse point. what will be the journal entries in our books for stock loss and reimbursement against the same of rs. 10000/- . Please reply...Thanks

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On 13 July 2021 at 11:44 Report
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Chartered Accountant
24588 Points Posted on 13 July 2021
Sales a/c dr 10000
to Loss of goods a/c 10000

Cash/Bank a/c dr 10000
to Reimbursement of damaged goods a/c 10000
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On 13 July 2021 at 12:50
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Accounts executive
552 Points Posted on 13 July 2021
Sir second entry's credit account is not understanding
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On 13 July 2021 at 14:25
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Chartered Accountant
24588 Points Posted on 13 July 2021
Sorry the entry was wrong...

Entry will be

Reimbursement of damaged goods a/c dr 10000
to Cash/Bank a/c
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On 13 July 2021 at 14:37

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