MCQOPTIONS
Saved Bookmarks
MCQOPTIONS
| 1. |
If stock worth Rs. 10,000 (that has not been insured) is destroyed by fire, the accounting entry is |
| A. | Dr Profit &Loss A/c 10,000 Cr Trading A/c10,000 |
| B. | Dr Stock A/c10,000 Cr Trading A/c 10,000 |
| C. | Dr Trading A/c 10,000 Cr Stock A/c10,000 |
| D. | None of the above |
| Answer» B. Dr Stock A/c10,000 Cr Trading A/c 10,000 | |