Gifted Goods Trade Question

by sureshan
(kannur, kerala, India)

Gifted Goods Trade

Gifted Goods Trade

How are trading goods received as gift recorded in the bookkeeping general journal?

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Trade In Computer

Purchase mew computer $3,300 inc. sales tax.10%. trade in old computer $220.00 inc. sales tax. using bank loan for purchase.how to put into General Journal end of month "other transactions".

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