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Buy 1 get 1 free
what is the accounting entries for buy 1 get 1 goods sold
Replies (8)
Quick Summary
One as a sale and another one may be adjusted in advertisement/ business promotion exp
Business promotion exp a/c Dr
To Sales
Business promotion exp a/c Dr
To Sales
Why purchase a/c is not credited ??
Are you seller or buyer ?
Seller
Then purchase a/c has no relevance..
Sales A/c and closing stock will be affected and exp has to be booked
Sales A/c and closing stock will be affected and exp has to be booked
Indas revenue recognition has it. Buy one and demand one for free. I forgot the treatment, get back to you
I've searched for it online and couldn't find the accounting treatment. Sry
But being a seller, it is part of sale one must see is the price hiked twice ?
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