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.

11 February 2013 there is no need of recording gold coin in books of accounts....

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

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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