Multiple Choice Questions on Loss of goods by fire should be credited to ........ for Commerce ( 11 and 12th) Preparation

Chapter-1 Introduction to Accounting

Accountancy (11th)

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Indian Economy - Understanding the basics of Indian economic system

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    Loss of goods by fire should be credited to

    Sales a/c

    Incorrect Answer

    Loss a/c

    Incorrect Answer

    Profit and loss a/c

    Incorrect Answer

    Purchases a/c

    Correct Answer
    Explanation:

    Purchases a/c


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