P2 C8 Introduction of Deshi Nama System — Account STD 11 Commerce — Question

Because of business relations when the business gives cash or gift to relatives in marriage or on other occasions, then that amount is debited to ‘Shri Chanlla Khate.” Similarly, if any cash or gift is received on any marriage or festive occasion then that amount is credited to ‘Shri Chanlla Khate’. Now whenever chanila or a gift is to be given it Is treated as a business expenses and Is debited to ‘Shri Dukan Kharch Khate.’