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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 / kamal
Laptop a/c ..... Dr 50000
To cash a/c 50000
instant the above entry you can use one more entry for
buyers
Stationary a/c ....... Dr 0
To cash a/c 0
note: above two entris any one entry can use the accountant
in day book
For seller
cash a/c Dr 49000
To Laptop a/c 49000
cash a/c ....... Dr 1000
To Stationary a/c 1000
Note : the seller is not use combined entry because the
sellers must entry particular item to know how to sell
occurs.
(
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