What is the journal entry for goods given for CSR activity/Charity? Jafar Poovulla Parambath Updated on December 11, 2019 Categories Blog, Finance, FINANCIAL ACCOUNTING, INTERVIEW TIPS No Responses When a business decides to give goods in charity it also needs to account for those goods in the appropriate financial statement(s), in this case, stock/purchases are reduced with the exact cost of goods donated. Journal entry Post navigation What are Fictitious Assets?How to extract number only from a text in Excel Author Jafar Poovulla Parambath Share This Story Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ