Question

Goods given as charity RS.500​

Answer 1

Answer:

Explanation:

Heyaa,,,,

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journal entry for Goods worth rs 500 given as charity will be;

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charity a/c Dr 500

to purchase a/c.500

(being good given to charity)

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¤ reason for debit and credit;

¤ charity is an expense for business so, it will be debited.

¤ and is going to be decreased so, it will be credited.

and stock is because of purchase.

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hope it helps☺☺☺

Answer 2

Answer:

hii

Explanation:

the person who answered you first he is right