Carry bags - given free with items sold - accounting treatmt
This query is : Resolved
Varaprasad Geddada
(Querist)
17 February 2018
Dear Sir/ Madam,
How to account for "carry bags given free with items sold". What is the account treatment?.
How to record transaction of Purchased carry bags (GST invoice)?. In the invoice carry bags are shown items wise(pieces).
How to account for "carry bags given free with items sold". What is the account treatment?.
How to record transaction of Purchased carry bags (GST invoice)?. In the invoice carry bags are shown items wise(pieces).
17 February 2018
If you are not with trade the Carry bags then You can consider the Carry Bags as Packing Materials...
Book it the Values in Your Indirect Expenses also Avail the Benefit of ITC...
Book it the Values in Your Indirect Expenses also Avail the Benefit of ITC...
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