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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 / 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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