Hello sir/madam
I have a Problem please solve me.
If, I have shop of tea. I sell 500 tea per day. When anniversary coming for the shop I give 100tea for free of cost.
According to this situation where to I wrote it and what entry we write.
Hello sir/madam
I have a Problem please solve me.
If, I have shop of tea. I sell 500 tea per day. When anniversary coming for the shop I give 100tea for free of cost.
According to this situation where to I wrote it and what entry we write.
Practically there is no need to Account the expense of 100 tea on anniversary day. but it can be used as an example to understand the procedure of account .
Material used in sales promotion is already paid & located in your stock book.
But that particular material having not any outward voucher. so you have to pass an entry in stock book showing material used by self as sales promotion.
again pass an entry of material cost to sales promotion expense.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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