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STOCK LOSS ECOMMERCE JOURNAL ENTRIES

Others 523 views 3 replies

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

Replies (3)
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
Sir second entry's credit account is not understanding
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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