wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Goods worth Rs 1000 given on charity should be credited to which account in journal ?


A

Charity Account

No worries! We‘ve got your back. Try BYJU‘S free classes today!
B

Donation Account

No worries! We‘ve got your back. Try BYJU‘S free classes today!
C

Purchases Account

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
D

Sales Account

No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is C

Purchases Account


Goods worth Rs 1000 given on charity should be credited to Purchases Account as it will reduce the stock of goods.


flag
Suggest Corrections
thumbs-up
3
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Journal, Ledger and Posting From Journal
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon