Accountancy, asked by mandeeprana66853, 5 months ago

goods given cherity worth rs5000​

Answers

Answered by jimin084
10

Explanation:

Purchases will be credited if goods are 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

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