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Journal entry for goods given as free gift

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(Querist)
05 March 2014 what will be the accounting treatment for goods held for sale are given as gift,as no stock is maintained in books of accounts?wether to credit purchases agains expense head?
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Sandeep Dharar

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Sandeep Dharar (Expert)
05 March 2014 Ya Credit it against Purchases.:-

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To Purchases
(Being goods distributed as free samples or goods distributed as free gifts)

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