If uninsured goods are destroyed by accident/fire, ____ account is debited.

Keep practicing — related questions

• Which account is debited on sale of goods to Mr. Y for cash?
• What should be the treatment of debit balance of profit and loss account appearing in the balance sheet at ...
• The amount debited to purchase account consists of
• If the total of debit side of the income and expenditure account is more than the total of credit side, it ...
• Directions: Find out the correct meaning of the idiom/phrase from the four alternatives. To give a good acc...
• Goods delivered on account of sale are entered in
• As per Sale of Goods Act, the unpaid seller of goods in possession of the goods, is entitled to retain the ...
• A customer deposits some money in his deposit account with the bank but forgets to provide complete particu...