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what is the enty for gift given to company employee by
company but purchased by director of the company
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Answer Posted / anoop.m
We should pass two entries.
2000 Cash withdraw by Director for purchase gift.
Journal entry:
Director a/c Dr 2000.00
Cash a/c Cr 2000.00
Second Entry:
Staff welfare a/c Dr 2000.00
Director a/c Cr 2000.00
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