If "only" 1000stock of panipuri plate there and I sold all 1000 panipuri and in our neighbour shop as give me 20plate pani puri free. Then I sold 15plate pani puri and get money. Now I gave allready bill for that.
1) In this situation how we write entry?
2) If auditor asked me about this what we told this?
3) before auditing what we do for this?
Simply nothing will happen. You received free goods, you sold them for money with a transaction price. It is valid.
Making an inward entry for purchase free of cost would solve the negative stock problem
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
