Gold purchase entry in account

Dear Members

We have a Electrical Contactor Company.Which is Two Partner Partnership firm.One of this Partner buy GOLD (In Bill - Purchasere Name other than Partners) & Pay Amount from Firm Bank Account. Fact is it was a Gift which amount is 80000/-.

So, We need help that how to treat in account ? How can do enty in account ? Its allow as expenses ? Or other suggestion regarding this ?

Thanks