If i receive Land as a donation and sale, what would be the entry?
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Donation sale
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Quick Summary
Asset a/c(land) dr
To Revenue a/c
This records the asset on the company's books and also records revenue from receiving the donation.
To Revenue a/c
This records the asset on the company's books and also records revenue from receiving the donation.
Dear sir
If i sale Goods As donation and , what would be the sale entry ??
What is the limit for donation sales ??if cash or Bank ??
Please suggest me
Thanks in Advance
Madhu M
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