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

RAMEESH KK

RAMEESH KK (1 Points)

05 July 2019  

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



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 3 Replies

Prakash Gehani

Prakash Gehani (Consultant & Teacher(Whatsapp 8718057907)   (1306 Points)
Replied 05 July 2019

Is it given for sales promotion?
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shahid shahid

shahid shahid (2 Points)
Replied 27 December 2022

provision entry utility bills and salary


Yasaswi Gomes new

Yasaswi Gomes new (Finance ) (4545 Points)
Replied 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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