Purchase of Blankets to give Poor Person

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108 Points Posted on 27 August 2020
Dear Sir,

We have purchased blankets to give Poor person at free of cost

in which name of expenses to booked in my account book?

thanks and regards
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On 27 August 2020 at 17:48 Report
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Quick Summary
This discussion explores the correct accounting treatment for purchasing blankets to be given to the poor free of charge. While one suggestion is to debit proprietor's capital or drawings, the original poster seeks clarification on whether 'Donation Expenses' is a suitable account for this charitable expenditure.

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Chartered Accountant
4524 Points Posted on 27 August 2020
Debit proprietor capital A/c and Cr. cash/bank.
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On 27 August 2020 at 18:14
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T
405 Points Posted on 28 August 2020
Drawings dr
to cash cr
1 Reply
On 28 August 2020 at 02:07
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108 Points Posted on 28 August 2020
Thank you sir for your valuable reply

But I confused .. Can't I take it in Donation exp.
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On 28 August 2020 at 15:42

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