Treatment of donated goods
This query is : Open
Digambar Singh
(Querist)
15 June 2015
Dear Sir,
we have donated Goods to charity for donation purpose. so kindly let me know treatment under dvat of this transaction also accounting entry for same.
we have donated Goods to charity for donation purpose. so kindly let me know treatment under dvat of this transaction also accounting entry for same.
Ankur Singhal
(Expert)
15 June 2015
Donated goods may be routed through drawings.
Take it as drawings.
Drawings Dr.
To Goods sold.
Take it as drawings.
Drawings Dr.
To Goods sold.
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