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Freebies with goods
a company give free item with product so closing stock of that free item is stock in trade or finished goods?
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Quick Summary
Stock in trade and finished goods
if its given , then how will it come in closing stock ?
If that free item is fully manufactured, then it goes to finished goods.
if bought from outside, it will be in closing stock > finished goods.
Dr Bank1
Cr. Inventory 2
Cr. Sales 1
Dr. Promotional expenses 1
Some units are left it is brought from outside
Freebies with goods can be different
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