Freebies with goods
Atharv Sankliya (1306 Points)
07 February 2024
a company give free item with product so closing stock of that free item is stock in trade or finished goods?
Atharv Sankliya (1306 Points)
07 February 2024
Sharath chandra
(Accountant)
(1215 Points)
Replied 07 February 2024
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.
Yasaswi Gomes new
(Finance )
(4484 Points)
Replied 08 February 2024
Dr Bank1
Cr. Inventory 2
Cr. Sales 1
Dr. Promotional expenses 1
Atharv Sankliya
(1306 Points)
Replied 08 February 2024
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