Question

Goods distributed as free samples ₹5000

Answer 1

Advertisement Expenses A/C. Dr. Rs.5000

To Purchases A/C. Rs.5000

(Being goods distributed as free samples)

Answer 2

Advertisement Expenses A/C. Dr. Rs.5000

To Purchases A/C. Rs.5000

(Being goods distributed as free samples)

• A journal entry is a detailed information about all the transaction of a business.
• It is used for future counseling of accounts and transfer of information to other official accounting records such as a general ledger.
• Journal is a subsidiary of the primary book of account that records the transaction.