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When purchases motor car for cash …

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When purchases motor car for cash rs 430000 and received a mobile rs 5000 as gift. Give journal entry.

    • Posted by Manoj Singh 6 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Ujjwal Soni 6 years, 3 months ago

    Drawings A/c Dr. 430000 - To cash A/c - 430000 2nd entry will no be recorded because a gift does not affect any business transaction, assets or liabilities.

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