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(Querist)
06 December 2013 2000rs stock distored by fire and insursnce company are paid1500rs amount. 500 rs are not payment so what is adjustment.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
06 December 2013 Balance Rs. 500 need to debit as abnormal loss of stock
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Ganeshbabu K

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Ganeshbabu K (Expert)
07 December 2013 Dr.Loss of stock A/c 500
Dr.Bank A/c 1500
Cr.stock lost in fire[purchasesA/c]2000
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