Question

goods worth Rs 7000 were given away charity would be credited to
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Answer 1

Answer:

what is the question written in here

Answer 2

Answer:

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 and the purchase account is credited.