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purchased a laptop for Rs.50000 and received one calculator
costing Rs.1000 for free. Both laptop and calculator
(stationery in nature) are meant for office use.What will
be the journal entry in the books of both the parties?
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Answer Posted / javal_77
As per purchaser its not a profitabel matirial lap top is a
officeal Asset its cunduct depriceation on it therefor the
entry not as above also calculator is office use stationary
it free for purcheser but not for sellar i think this entry
was not correct
for purceser:-
asset (Laptop) 50000
cash a/c 50000
jurnel entry for calculator
officeal stationery 1000
free calculator 1000
for sellar
cash a/c 50000
laptop & calculator selling 50000
if my thought is sure pls answer me some one
thanking you and if wrong pls answer
| Is This Answer Correct ? | 9 Yes | 14 No |
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