Some RM Lost by Fire at our Job worker factory
how to entries in our books of accounts with Account heads
regards
abhishek
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TREATMENT OF LOSS BY FIRE (RM)
Replies (1)
Loss by fire is an abnormal loss. Since u r doing production jobs ,u must be following cost accounting techniques.
Here is the entry;
i) Loss By fire A/c dr.
To Inventory Adjustment A/c
ii) Costing P/L A/c dr.
To Loss by fire A/c
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