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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 / shahid raza
laptop a/c dr 49000
to cash/bank 49000
there shuld be no entry for calculater bcoz it comes under trade offer and for trade offer or trade discount. thereb should be no entry.
for further query plz contact me on mdshahid.raza@rediffmail.com
take care
shabba khair
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