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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?
Replies (5)
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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