Accounting of stock items supplied to customers free of cost
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 June 2015
Hello,
The situation is like this. A firm is supplying soap dispensers free of cost to its clients so that they can make the client purchase soap refills from the firm. The dispensers are already accounted as stock in the books of the firm. How can we account the transaction in the books of accounts using tally.
As the dispensers are of considerable value, the firm wishes to retain the dispensers so supplied in the books as fixed assets. The firm is using tally and wants to reduce item from the stock and retain it as a fixed asset. So using tally how can we reduce the quantity of dispensers from the stock and show it as fixed asset in the books
Thanks in advance
The situation is like this. A firm is supplying soap dispensers free of cost to its clients so that they can make the client purchase soap refills from the firm. The dispensers are already accounted as stock in the books of the firm. How can we account the transaction in the books of accounts using tally.
As the dispensers are of considerable value, the firm wishes to retain the dispensers so supplied in the books as fixed assets. The firm is using tally and wants to reduce item from the stock and retain it as a fixed asset. So using tally how can we reduce the quantity of dispensers from the stock and show it as fixed asset in the books
Thanks in advance
18 June 2015
Account it as sales promotion expenses by crediting the stock.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Post Office RD Interest
- Building and other construction workers welfare cess act 1996
- Bank Accounts in Balance Sheet for ITR 3
- ITR validation error - Balance sheet is not filled
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Annual return of gst limit
- Eway bill for machinery reparing
- TDS ON CASH WITHDRAWALS...
- Form 10BD Filling
- Registration as Authorised Representative of minor
- Change the gender in the registration of icai
- Lift replacement entries in housing society
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
