Updated Online video classes available for CA,CS,CMA for May20 and Nov20 batch. Call: 1800-3000-0505

Accounting entery

This query is : Resolved 

Dear sir

Please expline me what enery should be pass if we buy purchases a capital itmes and get free gift of gold coin.

2 At the time of sales of this capital goods what entery will be passed for free received gold cion

it must be credited to capital a/c
gold coin a/c ....dr
to capital account

if gold coin is sold then
bank a/c..........dr
to gold coin a/c

Thanks for reply

for what amount should be credited to capital a/c even gold coin value is zero and what amount.

then at nominal value of rs 100 u must show........

You need to be the querist or approved CAclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

CA Learning