Go AD-Free with CAclubindia Pro and get Daily WhatsApp Updates. Subscribe Now!

Question about accounting

253 views 2 replies

AshleyTr

Mr

40 Points Joined November 2019

Hey guys, do you know how should I make a journal entry if I bought a santa claus statue to our business as our Christmas Decoration?

.......................................................................................................................

Replies (2)

RAJA P M

"Do the Right Thing...!!!"

128147 Points Joined January 2015

Dr. Festival Expense (under indirect expense)

Cr. Bank / cash

or

Dr. Festival Expense (under indirect expense)
Cr. Supplier name...

Kapadia Pravin

17264 Points Joined December 2018

Entry will either be by Payment voucher (cash/bank) or Journal voucher ( if it is credit purchase)

Expenses A/c Dr.
To cash/bank
or
To Party Account

Note that it should be incurred for the purpose of business only and it's reasonableness.

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register

Recent Threads

More recent discussions | Post

Related Threads

Latest Job Openings

View all

Featured 14 March 2026

Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details

Featured 28 March 2026

CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details

Featured 13 April 2026

GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details

Featured 12 March 2026

Customer Relationship Executive

TAXLET

Calicut

B.Com

View Details

Featured 28 March 2026

Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details

Featured 14 April 2026

GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details

Featured 14 March 2026

Associate CA

N N V Satish&co

Hyderabad

CA

View Details

Featured 19 March 2026

Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details