Computer purchased and gifted to students by university
This query is : Open
15 May 2016
Hi, Kindly help me in this entry computer purchased and gifted to students . How the entry to be passed as it is not asset of the university But whether it has to be treated as revenue expense or capital expense. It is not a asset of university. So we cannot treat as fixed asset Please help me in this entry.
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16 May 2016
Dear Expert,
Please help me to resolve
This doubt kindly explain with relevant examples and Clarifications.
Please help me to resolve
This doubt kindly explain with relevant examples and Clarifications.
16 May 2016
you can debit
computer to student a/c
to party a/c
its revenue exp.
computer to student a/c
to party a/c
its revenue exp.
16 May 2016
Thanks for response but kindly explain with some references.
17 May 2016
Dear Experts,
Kindly help we with some references.
Urgently required for audit .
Kindly help we with some references.
Urgently required for audit .
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