Asset received as a free gift
This query is : Resolved
31 October 2014
respected sir/ madam,
i would like to know the accounting treatment for for this :
i would like to know the accounting treatment for for this :
31 October 2014
Book the value of the car as Rs.99,000 and bicycle as Rs. 1,000.
31 October 2014
but i have not paid any amount for byicycle ??? and any AS in this reference ???
31 October 2014
You have paid 1,00,000 and received car and bicycle. Instead of giving discount to car they have given bicycle.
31 October 2014
okie. i got it .. thanks.. but is there any ACcounting Standard in this Reference ???
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