Accounting treatment for sales promotion expense
Querist : Anonymous
And Credit of VAT availble on purchase of gift items. Can purchase of Gift such as TV,kitchen appliances, Home appliances,phones treated as FA.
I have a confusion on it. give me your views
no credit is available on the same, since it is consumed by you. and for consumer no credit is available.
whatever gift you have given, since physically you dont have, cant mark them as fixed assets.
Querist : Anonymous
but can we claim VAT? in relation to sales
Querist : Anonymous
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