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Accounting effect

This query is : Resolved 

10 January 2017 Dear Sir ,
We are involved inter-state sale of goods . A consignment to us met with an accident in transit few days ago and we had to suffer loss of whole consignment . can you pls guide me how to pass the accounting effect ?

My entry

Party Rs.206000/-
To Sales Rs.200000/-
To CST@2% Rs. 6000/-

10 January 2017 Reverse the above Entry as Transaction for sale is not done.
and reduce the closing Stock.



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