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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 / vikram reddy
The Journal Entry is:
Laptop A/c 50000Dr.
Calculator A/c 1000 Dr.
Discount Allowed A/c 1000 Cr.
Cash/Bank A/c 50000 Cr.
| Is This Answer Correct ? | 15 Yes | 5 No |
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Purchase order value Rs. 10000/- 0.7% is erection chareges (inclusive of the above price) central Excise applicable & Local sales tax applicable,The above price is inclusive of all taxes.
