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
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query



Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 12 March 2026
Customer Relationship Executive

TAXLET

Calicut

B.Com

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details