Question

What is the journal entry for goods given in charity?

Answer 1

Answer: the journal entry is..

Charity A/c........ Dr

To purchase A/c

In the case of GST.

(Intra-state)

Charity A/c ......... Dr..

To purchases A/c

To input CGST A/c

To input SGST A/c.

(In case of inter state).

Charity A/c ....... Dr.

To purchases A/c

To input IGST A/c..

(Don't forget to write narration...)

The narration will be....

(Being Goods given as charity)

Explanation:

Answer 2

Answer:

charity A/C Dr

To purchase A/C