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    Question

    GOODS DESTROYED IN FIRE . THE JOURNAL ENTRY WILL BE

    A. PURCHASE DR.           TO LOSS ON FIRE A/C B. LOSS IN FIRE A/C DR.            TO PURCHASE A/C C. LOSS IN FIRE A/C            TO SALES A/C D. LOSS IN FIRE A/C            TO GOODS A/C             
    A A Correct Answer Incorrect Answer
    B B Correct Answer Incorrect Answer
    C C Correct Answer Incorrect Answer
    D D Correct Answer Incorrect Answer

    Solution

    The correct answer is B

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