Question

journal entry of Goods donated to a charitable hospital 5000​

Answer 1

Explanation

Journal Entry for Goods 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

Answer 2

Answer:

Journal Entry for Goods 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