Sale of one room received by one travel co complementary
This query is : Resolved
17 August 2012
Please tell me the accounting entry of sale of one room received by one travel co. at free of cost against sale of 10 rooms. How the purchase would be booked as it was received at free of cost.
17 August 2012
look into the deed of conveyence (registration), for value details and terms.
17 August 2012
I was asking about what would be the accounting entry for sales and what would be the cost of the inventory when it was got at free of cost and entry. Pls help.
17 August 2012
only the financial transactions are recorded in Accountancy. You may capitalise this with some small expenses incurred say for opening ceremony, decoration, wall painting, paintings or like items.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- RCM INVOICING FROM NOV-2024
- Confusion around Form 26QB fields
- Tds on building rent monthly
- Sale of property furniture sale
- Applicability of Tax audit u/s 44AB of income tax act, 1961
- Question about eligibility for tax rebate u/s 87A
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- BUYING PROPERTY COULD NOT FILE 26QB
- Gst input for FY 23-24
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- GST Regis.
- IGST Credit-Show cause notice issued-confusion
Trending Online Classes
CAclubindia
