Accountancy, asked by aakankshabansal501, 10 months ago

Goods costing 700 given as charity sales price 900

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Answered by piyush92286

I hope it will help you

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Answered by pinky162

Answer:

Explanation: if goods given as charity for a specific purpose then it show on the liability side of the balance sheet. And when this is not for specific purpose the it show on the debit side of the income and expenditure account

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