Accounting entery
This query is : Resolved
16 June 2014
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
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
16 June 2014
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
gold coin a/c ....dr
to capital account
if gold coin is sold then
bank a/c..........dr
to gold coin a/c
17 June 2014
Thanks for reply
for what amount should be credited to capital a/c even gold coin value is zero and what amount.
for what amount should be credited to capital a/c even gold coin value is zero and what amount.
17 June 2014
then at nominal value of rs 100 u must show........
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