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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 / ankur nigam
For Purchaser
Purchases a/c 50000
To Cash a/c 50000
For Seller
Cash a/c
To Sales a/c
There will be no entry for the calculator since its free.
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