What is the journal entry for asset(new bike) given as gift

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1 Points Posted on 05 July 2019

What is the journal entry for asset (New bike )given as gift

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On 05 July 2019 at 12:03 Report
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Consultant & Teacher(Whatsapp 8718057907
1306 Points Posted on 05 July 2019
Is it given for sales promotion?
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On 05 July 2019 at 14:01
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2 Points Posted on 27 December 2022

provision entry utility bills and salary

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On 27 December 2022 at 18:42
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Finance
4592 Points Posted on 28 December 2022

Dr. Bike 

Cr. Promotions and distribution account 

There must be. Gift tax but I'm not sure if there is one for company gifts

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On 28 December 2022 at 06:49

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