Loss by theft Account
If your goods or Money is stolen by someone then these entries will be counted in Loss by theft Ac. Loss by theft Ac is a type of Nominal Ac. It will be always in DR.
1. Cash 5000 stolen by peon.
| Loss by theft | DR | 5000 |
|---|---|---|
| Cash Ac | CR | 5000 |
2. Goods worth rs of 6000 stolen by someone.
| Loss by theft | DR | 6000 |
|---|---|---|
| Purchased Ac | CR | 6000 |
3. Cash 4000 and goods of 6000 stolen by worker.
| Loss by theft | DR | 10000 |
|---|---|---|
| Cash Ac | CR | 4000 |
| Purchased Ac | CR | 6000 |
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