Demo samples given/ damages
This query is : Resolved
24 December 2012
what is the accounting entry for stock demo samples given, or damages ?
24 December 2012
Credit purchase account and debit sample account. Sample account is classified as indirect expenses.
26 December 2012
I want the entry for demo samples entry which we given to dealer and another for damages in our godown stock.
26 December 2012
For Samples --- (If free samples)
Sample a/c Dr.
To Stock A/c
In case of samples given on account, debit the dealer's account.
For Damages ---
Loss by damage a/c Dr.
To Stock A/c
Sample a/c Dr.
To Stock A/c
In case of samples given on account, debit the dealer's account.
For Damages ---
Loss by damage a/c Dr.
To Stock A/c
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