Accountancy, asked by amoghdeshpande32, 5 months ago

Can any one give me this answer plese :Gave charity: what is the journey entry​

Answers

Answered by shristikarana07
1

Answer:

Here's your answer

Explanation:

Journal Entry for Goods Given as Charity. When accounting for goods given as charity, purchases are reduced with the exact cost of goods contributed. The amount is reduced from purchases in the trading account. It is shown as an expense on the debit side of the income statement.

Hope it helps

Mark me as brainiest

Similar questions