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Profit on sale of free goods

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(Querist)
29 June 2014 I would like to know that what will be the cost of free goods be taken in calculation of profit if the same is sold?
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Guest

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Guest (Expert)
29 June 2014 quite obvious if goods are received free then the cost should be zero.....
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Vishnu Saboo

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Vishnu Saboo (Expert)
30 June 2014 No cost, since its free for you.
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Rupesh Jain

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Rupesh Jain (Expert)
30 June 2014 yes you take in your sales. cost is zero.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
30 June 2014 yes it has to be taken................
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