Poonawalla fincorps
Poonawalla fincorps

Journal entry

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 February 2013 Accounting entry for grant of gift vouchers for purchase above ,say, Rs 10000. having a particular validity, say 2 monhs.
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CA Parul Saxena

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CA Parul Saxena (Expert)
11 February 2013 there is no need of recording gold coin in books of accounts....
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ROHIT GATTANI

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ROHIT GATTANI (Expert)
11 February 2013 The cost of the gold coin should be deducted from the cost of the motor car.
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Querist : Anonymous

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Querist : Anonymous (Querist)
11 February 2013 May I please get the Journal Entry for it, Assuming the cost of Motor car is 500,000
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ROHIT GATTANI

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ROHIT GATTANI (Expert)
11 February 2013 Journal Entry would be:-

Investment in Gold Coin A/c Dr.
To Motor Car A/c.

The amount here should be market price on the date of purchase of motor car.

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