debit loss by fire
credit goods inventory
debit loss by firecredit purchases
debit goods lost by fire 4000credit goods inventory 4000
[Debit] Goods lost [Credit] Inventory account
debit loss of assetcredit fixed asset
debit loss of assetscredit fixed asset account
debit loss by firecredit purchases
debit goods lost by fire 4000credit goods inventory 4000
Abnormal loss of goods a/c dr. To purchases a/c
[Debit] Goods lost [Credit] Inventory account
debit loss of assetcredit fixed asset
debit loss of assetscredit fixed asset account
Lost by theft drEmbazzeled cash drTo cash account
debit loss of assetcredit fixed asset account
Yes and no, fire is good if you lost and you need to keep warm and it keeps away bugs and predators.Its bad if your in a wildfire and your going to die. fire can blaw blaw
who lost her home in a fire
Answer:The purpose of the trial balance is (historically) to verify if any errors were made with posting the journal entries to the ledger. Every journal entry makes debits and credits to (at least) two T-accounts, where the total of the debit and credit amounts need to be equal. The journal entry is posted to the journal, and the T-accounts affected are updated in the ledger. The trial balance is a list of all T-accounts and their balances. As the underlying journal entries need to balance out (total debits equal total credits), the balances of the trial balance also need to balance. If this is not the case, it means that an error has been made. It means that some journal entry has been entered into the ledger which did not balance.With computerized bookkeeping, this purpose (checking for errors) has been lost (at least for the user, the software may still use the trial balance to check for consistency).
NET Journal - 1966 Search for the Lost Self was released on: USA: 17 October 1966