I have sold goods to customer. Invoice raised & goods handover to transporter. During transit Transporter vehicle stolen and our goods are not recovered.
we have no insurance for in-transit goods. how can we books Theft Loss in our financials statement.
Please clarify with journal entries. We maintain inventory in Tally ERP 9
Debit Goods loss on theft account
and credit final stock account.
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Anupam Parashar & Co.
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Austin Med Solutions Pvt Ltd
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