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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purchased a laptop for Rs.50000 and received one calculator costing Rs.1000 for free. Both laptop ..

Answer / haj mohamed

Laptop and Calculator is the Asset for Office

So

Asset or Name of the Asset Dr
Cash or Bank Cr

Laptop A/c Dr. 49000
Bank A/c Cr. 49000


Calculator A/c Dr. 1000
Bank A/c Cr. Cr. 1000

Is This Answer Correct ?    3 Yes 13 No

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