Received as gift

ARINDAM (Manager Internal Audit) (167 Points)

23 September 2011  

HI

Suppose I purchaesd a A/C Machine  for Rs 30000/- for my business organisation & received a mobile set of Rs 6500 as gift so plz tell me what will be the journal entry of that mobile set if that is not used for officila purpose.

Thanks

Arindam