urgent plz suggest - accounts query
This query is : Resolved
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
Thanks
17 February 2012
You can treat them as drawings or as business promotion.
Message likes :
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Guest
Guest
(Expert)
02 March 2012
Charge them under business promotion or advertisement exp.
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