Journal entry

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
11 February 2013 Accounting entry for grant of gift vouchers for purchase above ,say, Rs 10000. having a particular validity, say 2 monhs.

11 February 2013 there is no need of recording gold coin in books of accounts....

11 February 2013 The cost of the gold coin should be deducted from the cost of the motor car.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
11 February 2013 May I please get the Journal Entry for it, Assuming the cost of Motor car is 500,000

11 February 2013 Journal Entry would be:-

Investment in Gold Coin A/c Dr.
To Motor Car A/c.

The amount here should be market price on the date of purchase of motor car.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro

Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news


Answer Query



Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details