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urgent plz suggest - accounts query

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17 February 2012 The partnership firm has started trading of T-shirts online and T-shirts are manufactured and printed by our vendor but all three partners took 5 T-shirts each for them for promoting that brand while they will wear that. so under what head and what is the accounting treatment for these T-shirts?

Thanks

17 February 2012 You can treat them as drawings or as business promotion.

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02 March 2012 Charge them under business promotion or advertisement exp.






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