How to made entries in tally for donations received in kind. Example. Mr. Suresh paid 10 bags of cement to school for construction work going on. 4 tanker of water sent .
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Tally entries
Replies (4)
No entry in the books of account .
Goods gone other than sale dr
purchase ac cr
purchase ac cr
@ Zishan - This is Donation given without money ,No purchase made by school nither sale .
If mr. suresh ask you for a receipt of the same, then u may have to lookout for the monetary value of the product given and then the case of entry arrives
If he is not asking for any receipt of donation then nothing.
If he is not asking for any receipt of donation then nothing.
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