Goods destroyed by fire is credited to:
Answer & explanation
Correct answer: option 1
The correct answer is option 1- Trading A/c.
Goods destroyed by fire is credited to trading account as it reduces the stock of the firm.
Goods destroyed by fire is credited to:
Correct answer: option 1
The correct answer is option 1- Trading A/c.
Goods destroyed by fire is credited to trading account as it reduces the stock of the firm.