trading stock is given to client as sample sales.
I want to know how to pass entry for sale with zero rated value and at the same time the value of free sales should reflect in P and L a/c.
rajender guptha (CA) (168 Points)
20 July 2015trading stock is given to client as sample sales.
I want to know how to pass entry for sale with zero rated value and at the same time the value of free sales should reflect in P and L a/c.
Shaikh Mohammed Wajid Ali
(Manager Finance & Admin)
(54 Points)
Replied 21 July 2015
First ascertain the cost value of the trading stock which was distributed as free samples.
Then Pass the entry by debiting the Free Samples account and crediting the Inventory account with the cost value so ascertained.
Hope I was able to reply your query!!
Master GSTR-9 and 9C with India's First Unique Live Course with Live practical training
CAclubindia
