Journal entries
This query is : Resolved
18 September 2012
My company purchased 10 pcs of computers for resale worth rs 20000 each and got a tab free worth rs 5000 as a gift. there is obviously no mention of the tab in the invoice of the gift. My question is : What will be the journal entry for the above?
Thanks in advance.
Thanks in advance.
18 September 2012
Need to book as Gift under Other Income as market value of the Tab
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