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Buy 1 get 1 free

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1359 Points Posted on 09 October 2022
what is the accounting entries for buy 1 get 1 goods sold
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On 09 October 2022 at 15:03 Report
Replies (8)
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CFO- at NHTF
58280 Points Posted on 09 October 2022
One as a sale and another one may be adjusted in advertisement/ business promotion exp


Business promotion exp a/c Dr
To Sales
59 Reply
On 09 October 2022 at 17:02
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1359 Points Posted on 09 October 2022
Why purchase a/c is not credited ??
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On 09 October 2022 at 17:33
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CFO- at NHTF
58280 Points Posted on 10 October 2022
Are you seller or buyer ?
59 Reply
On 10 October 2022 at 01:58
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1359 Points Posted on 10 October 2022
Seller
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On 10 October 2022 at 15:01
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CFO- at NHTF
58280 Points Posted on 11 October 2022
Then purchase a/c has no relevance..

Sales A/c and closing stock will be affected and exp has to be booked
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On 11 October 2022 at 07:23
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Finance
4566 Points Posted on 11 October 2022

Indas revenue recognition has it. Buy one and demand one for free. I forgot the treatment, get back to you

4 Reply
On 11 October 2022 at 22:10
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Finance
4566 Points Posted on 12 October 2022

I've searched for it online and couldn't find the accounting treatment. Sry

4 Reply
On 12 October 2022 at 17:36
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CFO- at NHTF
58280 Points Posted on 13 October 2022
But being a seller, it is part of sale one must see is the price hiked twice ?
59 Reply
On 13 October 2022 at 07:30


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