A

Admin • 802.91K Points
Coach

Q. In which account is the loss of stock by fire recorded?

  • (A) Trading A/c
  • (B) Profit & Loss A/c
  • (C) Insurance A/c
  • (D) Loss by Fire A/c
  • Correct Answer - Option(D)
  • Views: 2
  • Filed under category Accounting
  • Hashtags:
Explanation by: Admin
Loss by Fire A/c is specifically used to record stock lost due to fire or similar events.

You must be Logged in to update hint/solution

Discusssion

Login to discuss.

Be the first to start discuss.