Sale of one room received by one travel co complementary
This query is : Resolved
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.
17 August 2012
look into the deed of conveyence (registration), for value details and terms.
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.
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CLOSING STOCK QUERY
- Sale of Mutual Funds In Diffirent Financial Years
- Query regarding TDS on EPFO Higher Pension Arrears- under wrong section
- Missed TDS
- Error in uploading Form 10BD
- NRI INSURANCE ADVISOR
- Applicability of Books of Account for Commission Income (Sections 194D & 194H)
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- TDS on rent received on hardship compensation being rent on redevelopment of building
- CASH GIFT FROM BLOOD RELATIVE
- DUE DATE FOR ITR FILING
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
