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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 / jitender
purchaser books
laptop (assets) a/c Dr. 50000
to cash/bank a/c 50000
in seller books
cash/bank a/c dr. 50000
to sales a/c 50000
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