Interested to Buy Any Domain ? << Click Here >> for more details...
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?
- 21 Answers
- 38319 Views
- I also Faced
- E-Mail Answers
Answer Posted / jay prakash singh
Laptop(purchase) a/c dr. 50000
Calculator( free, as an assets) a/c dr. 0
To cash a/c 50000
(being Laptop purchase by cash and calcutor recived as a
gift item)
Note:- Calcutor is a gift item so they have no cost as a
accounting method.
| Is This Answer Correct ? | 2 Yes | 2 No |
Post New Answer View All Answers
If A Company pays amount thru bank for a supplier deducting tds on behalf of B company. Accounting entries to be made in company A and B
What do you find most satisfying about this job?
i had taken one year gap in completing my graduation bcom should it be considered as backlogs i dont have any kt or anything else i have passed all exam in one trial
director wife expenses which entry
what is t code of journal voucher report with amount?
how to calculate the per unit cost of production
informance about performance is disclosed by
What is meant by calendar maintenance?
What is meant by partitioning?
Explain me what makes a successful account manager?
Explain what does financial statement of the company includes?
1.recivable and payble 2.pf,tds,esi
What is compound journal entry?
What is an interest rate swap
Do you know in accounting, vat abbreviates what?
