Accounting entries
This query is : Resolved
03 December 2012
Goods given to employees as free of cost what will accounting entry
e.g a mobile co gave mobile to staff free of cost what will be accounting treatment ?
& what will be accounting entry for stock whether it is shown as sales & if yes what will be the price ?further mobiles given whether it should be included in the salary ie consider as perxs
e.g a mobile co gave mobile to staff free of cost what will be accounting treatment ?
& what will be accounting entry for stock whether it is shown as sales & if yes what will be the price ?further mobiles given whether it should be included in the salary ie consider as perxs
03 December 2012
free samples account is created. The samples given are accounted for through this account. A prudent norm suggests that this account should be classified as INDIRECT expenses (In tally), thereby keeping the gross profit % intact.
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