Loss by Theft

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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