What is the journal entry for goods lost by fire?

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What is the journal entry to record the purchase of Packaging Materials?
Posted by:
Losame Nosa
16-July-2019

Question added by manaf almas , Auditor , DAR AL NUZUM PUBLIC ACCOUNTANTS
Date Posted: 2013/06/20

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1 Answers

Abdul Rahim Said Rahim

by Abdul Rahim Said Rahim , Senior Executive - Business Development , Al Ruwais Plastic Products Trading LLC

goods lost by fire (value) Dr.
goods (value) Cr.

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