Accountancy, asked by vinithgh2004, 6 months ago

goods given away by charity Rs 600

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Answered by Anonymous

Charity account is debited as it is treated as an expense for the company. Purchases account is credited as goods given as charity from own stock reduces the amount of purchases so we credit the purchase account to reduce the amount of purchases.

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goods given away by charity Rs 600​

Answers

goods given away by charity Rs 600