Sample Purchase - Journal entry
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 June 2011
Dear Sir,
I have purchase some spare parts of machinery as free sample... which is not return to customer.. same time not to pay any amount to customer... please clarify what is journal entry..
I have purchase some spare parts of machinery as free sample... which is not return to customer.. same time not to pay any amount to customer... please clarify what is journal entry..
18 June 2011
I presume that there will be no Journal Entry for such type of transactions since there is no liability to pay., but ad the assets are coming in .. we have to update our fixed assets register.
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