Entry of free to use material given
This query is : Resolved
dharmendra
(Querist)
09 June 2014
Respected,
I am accountant, i am glad to learn from you that in my company we are selling bathroom hygiene management product for which customer require material in order to use hygiene product which our company supply free to use basis so how to account it as it is not sale. Further we are branch office and our Head Office also supplying same product to us free of cost in order to serve customer.
I am accountant, i am glad to learn from you that in my company we are selling bathroom hygiene management product for which customer require material in order to use hygiene product which our company supply free to use basis so how to account it as it is not sale. Further we are branch office and our Head Office also supplying same product to us free of cost in order to serve customer.
Nikhil Kaushik
(Expert)
10 June 2014
see if this helps https://www.caclubindia.com/forum/accounting-traetment-of-free-goods-3511.asp#.U5Z2enbLMng
remember at the end of the day, you need to follow the accounting that your head office is following
remember at the end of the day, you need to follow the accounting that your head office is following
dharmendra
(Querist)
12 June 2014
sir we are giving small machine under contract (returnable at the end of contract)(Free to use) basis, how to pass entry for such
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
- Depreciation Chart Companies Act
- EPF ECR NEW FILE SEP 17TH 2026
- Capital Gail Exemption Certificate
- Oct 2025 Invoices
- Import of Software Service.
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- Under marginal scheme
- Capitalgain tax purposes for valuation report compulsory
- GST on Renting godown to KFCSC for Storage of Raagi
- GST Audit whether Govt Companies are exempt?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
