Accounting for free of cost supply of machinery

A/c entries 641 views 2 replies

good afternoon CCITians,

our company needs to send machinery on FOC basis to maharashtra. so please guide for:

1. accounting entries to be passed. (point to be noted- it is not to be invoiced)

2. if on DC through it is sent, tally will show like sales bills to make in TB. To clear of this msg, we have to raise invoice on party which is not possible. because it is on free of cost.

 

pls guide..

Replies (2)

Why dont you show it as SAMPLES sent...??

 

Entry would be same and tally also wont be complicated

I agree with Mr. Karan, you may show as samples sent but whats the amount?


CCI Pro

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