STOCK LOSS ECOMMERCE JOURNAL ENTRIES

604 views
User Avatar

Accounts executive
376 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

0 Reply Share Follow Topic
On 13 July 2021 at 11:44 Report
Replies (3)
Quick Summary
This discussion addresses how to correctly record journal entries for stock loss in an ecommerce business when goods are damaged at an Amazon warehouse. It clarifies the accounting treatment for both the initial loss and the subsequent reimbursement received from Amazon.

User Avatar

Chartered Accountant
16188 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
Reply
On 13 July 2021 at 12:50
User Avatar

Accounts executive
376 Points Posted on 13 July 2021
Sir second entry's credit account is not understanding
Reply
On 13 July 2021 at 14:25
User Avatar

Chartered Accountant
16188 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
Reply
On 13 July 2021 at 14:37

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Section 54F Exemption
  2. Would you use a free, open-source alternative to s
  3. Business & Finance
  4. Report in GSTR 1 ( Credit Note ) for Wrong GST Rat
  5. Reply of summons issued under section 70 of the cg
  6. How to Bulk GSTIN Number Verify and Validation
  7. OPC Annual Filing Defaults – Need Guidance t
  8. OPC Annual Filing Defaults – Need Guidance t
  9. FCGPR of a past period
  10. Discuss and Download CA Final Question Paper Nov 2

More recent discussions | Post

Related Topics :

Loading

Latest Job Openings

View all
Company
31 October 2026
Accountants

sankaran and krishnan

New Delhi

B.Com

View Details
Company
ARTICLESHIP 28 October 2026
Article assistants

Shyam S Gupta and Company

New Delhi

CA Inter

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details
Company
Featured 27 October 2026
semi-qualified CA

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Final

View Details
Company
ARTICLESHIP 20 October 2026
CA ARTICLE

AMKN & CO

Noida

CA Inter

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details