Hi guys and gals...
I am currently using Sage Line 50 Financial Controller.
All purchases and put in a nominal code (5000 - Materials purchased)
after a unfortunate event £XXX of goods were stolen from our warehouse.
My question is how do i treat this journal??
Am i right to say:
PURCHASES
CR MATERIALS PURCHASED (nominal 5000) - £XXX
DR STOLEN GOODS (new nominal within purchases) - £XXX
Thanks in advance