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Question
Give the journal for Goods destroyed by fire Rs 500.
Give the journal for Goods destroyed by fire Rs 500.
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Solution
The journal entry would be: Loss by fire a/c Dr Rs. 5000 To purchase a/c Cr Rs. 5000
The journal entry would be: Loss by fire a/c Dr Rs. 5000 To purchase a/c Cr Rs. 5000
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