A cake shop undergone a loss of Rs. 13900 & Rs. 11400. by robbery. They don't have any insurance. What will be entry to be passed in Tally? Please help me out!
Menu
Entry for robbery
Replies (1)
You need to pass entries in this case :
Remove cost of goods lost from trading A/c / Purchase A/C.
Loss On Goods theft/special perils A/c Dr..... XXX
Trading / Purchase A/c Cr............XXX
Note :- Loss on goods theft / special perils should be grouped in inderect expanse.
Recent Threads
- A Restaurant registered under the Composition Sche
- GST RATE OF OUT DOOR CATERING
- Non resident taxation & income tax in India
- GST Rate for oral Hygiene Combo Pack
- GST registration - Address error
- TDS on property pu
- Import of goods IMS action related
- Incometax Survey - Updated Return Filing after the
- TCS under 206C(1F)
- Effect on Cost of Control when Bonus Issue is from
Related Threads
CAclubindia
