banner_ad

Sale of one room received by one travel co complementary

This query is : Resolved 
Profile Image

Profile Image

(Querist)
17 August 2012 Please tell me the accounting entry of sale of one room received by one travel co. at free of cost against sale of 10 rooms. How the purchase would be booked as it was received at free of cost.
Profile Image

U S Sharma

Profile Image

U S Sharma (Expert)
17 August 2012 look into the deed of conveyence (registration), for value details and terms.
Profile Image

RANJAN

Profile Image

RANJAN (Querist)
17 August 2012 I was asking about what would be the accounting entry for sales and what would be the cost of the inventory when it was got at free of cost and entry. Pls help.
Profile Image

Amol S Joglekar

Profile Image

Amol S Joglekar (Expert)
17 August 2012 only the financial transactions are recorded in Accountancy. You may capitalise this with some small expenses incurred say for opening ceremony, decoration, wall painting, paintings or like items.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details