How to maintain purchase of gold from customers ?

V.Aravindakumar (Finance Professional) (25 Points)

12 April 2016  

Respected Sirs/Madam

In a Jewellery shop Gold Ornamets are exchanged against sale of new gold Ornaments for their customers.  How to show the accounting entries, Please show with some examples.

Regards,

Aravindakumar