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Accounting entery

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(Querist)
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
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
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
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Ranjit Kumar

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Ranjit Kumar (Querist)
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.



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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
17 June 2014 then at nominal value of rs 100 u must show........

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