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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 / pradipta
Cash a/c drRS 5000
To office equipment a/c 5000
(In the book of seller)
office equipment a/c dr 5000
TO Cash a/c RS 5000
(in the book of purchaser)
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