A

Admin • 833.24K Points
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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: 27
  • Filed under category Accounting
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Explanation by: Admin

Loss by Fire A/c is specifically used to record stock lost due to fire or similar events.

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