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What is the journal entry of Goods lost by fire Rs 4000?
debit goods lost by fire 4000credit goods inventory 4000
What is the journal entry for goods lost in fire?
debit loss by firecredit purchases
What is the journal entry for destroyed goods if it is not mentioned that loss is by fire or theft?
[Debit] Goods lost [Credit] Inventory account
What will be the journal entry for good lost by fire How?
debit loss by firecredit goods inventory
What is journal entry if fixed assets lost by theft?
debit loss of assetcredit fixed asset
What is the journal entry of Goods lost by fire Rs 4000?
debit goods lost by fire 4000credit goods inventory 4000
What is the seller's responsibility in a destination contract if any goods are lost in transit?
In a destination contract, the seller is responsible for the goods until they reach the buyer's specified destination. If any goods are lost in transit, the seller is typically held accountable and must provide a remedy or compensation to the buyer.
What is the journal entry for goods lost by fire?
Abnormal loss of goods a/c dr. To purchases a/c
What is the journal entry for goods lost in fire?
debit loss by firecredit purchases
What is the journal entry for destroyed goods if it is not mentioned that loss is by fire or theft?
[Debit] Goods lost [Credit] Inventory account
What will be the journal entry for good lost by fire How?
debit loss by firecredit goods inventory
What are Cargo Insurance contracts?
Cargo Insurance contracts cover Hauliers, shipping companies and airlines etc. against claims for goods lost or damaged in transit.
Who is responsible if a package is lost during transit?
The responsibility for a lost package during transit typically lies with the shipping company or carrier.
Has your passport been lost in transit during your recent travels?
No, my passport has not been lost during my recent travels.
What to do if you left your book in a metro bus?
Enquire of the Lost and Found at the Transit company.
What happens to your parcel consignment when a parcel company declares it lost in transit and then recovers it after they have compensated you?
Ask them
How do banks loose money?
by fraud internally or externally or by both in connivance, cash lost in transit.
