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
CA R SEETHARAMAN
(Expert)
18 June 2015
Account it as sales promotion expenses by crediting the stock.
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