Treatment of samples to customers
This query is : Resolved
28 July 2011
Dear all on of my claint has pharma business so they give some stock of materials are given to customers for samples how it will be accounted in tally pls urgent
CA Pushpendra Gaur
(Expert)
27 September 2011
well it has to be shown as closing stock lying with clients.
CA Pushpendra Gaur
(Expert)
27 September 2011
it can also be shown as Closing Stock- with client as free sample.
CA Pushpendra Gaur
(Expert)
27 September 2011
the jv can be
Free Samples-Client Name A/c DR
To Sales on Approval basis A/c
when the goods are issued as free samples
Free Samples-Client Name A/c DR
To Sales on Approval basis A/c
when the goods are issued as free samples
CA Pushpendra Gaur
(Expert)
27 September 2011
when the goods are accepted by the client as Sales
Sales on Approval basis A/c DR 100
Client Name A/c DR 100
To Free Samples-Client Name 100
To Sales A/c 100
Sales on Approval basis A/c DR 100
Client Name A/c DR 100
To Free Samples-Client Name 100
To Sales A/c 100
CA Pushpendra Gaur
(Expert)
27 September 2011
well the above accounting will giva you following benefit
(a) at the same time you can come to know, to which client u have issued how much amount as free sample as the account will be debited when free Samples are issued and credited when accepted by the client
(a) at the same time you can come to know, to which client u have issued how much amount as free sample as the account will be debited when free Samples are issued and credited when accepted by the client
CA Pushpendra Gaur
(Expert)
27 September 2011
also Client Name will be debited only when Sales is made to the client so client name will show that balance only which he is reqd to pay to the company
CA Pushpendra Gaur
(Expert)
27 September 2011
Sales will be booked only when the sales is actually made to the client
CA Pushpendra Gaur
(Expert)
27 September 2011
Sales will be booked only when the sales is actually made to the client
CA Pushpendra Gaur
(Expert)
27 September 2011
also the free sample group will show you the closing stock at sales price which can be easily converted at Sales price
CA Pushpendra Gaur
(Expert)
27 September 2011
if having any doubt plz ask in the above system
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