If some goods from business are given away as charity to a particular person or institution, it should be ____________.

Debited to charity account

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

Credited to charity account

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

Debited to sales account

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

Debited to donation account

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

Open in App

Solution

The correct option is A Debited to charity account
Any goods which is moved from the business to be recorded in books of account. Goods given as charity to be debited to charity account and credited to purchases account.

Suggest Corrections

Similar questions

$ 5

$ 2

Join BYJU'S Learning Program