CA Foundation doubt
Employees had taken stock worth ` 50,000 (Cost price ` 45,000) on the eve of New year and the same was deducted from their salaries in the subsequent month. Pass journal entry?
Asked by PRINCE21 Sept 20251592 views
3 answers
Astha · 21 Sept 2025
Salary is our expense hence it is dr. and since we have not sold the goods further but the stock is reduced so we need to cr. Purchase a/c at cost price
PRINCE · 21 Sept 2025
How
Astha · 21 Sept 2025
Salary A/c dr. 45000 To Purchase a/c. 45000
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