Pharmaceutical company market there product by giving the gift to doctor so the traveling expenses , food expense and other related expenses incurred by company to distribute gift for marketing is recorded as
and does the cost of food,traveling is added to the cost of gift ,which standard deal with these type of problem
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Pharmaceutical company marketing
Replies (3)
Revenue recognition in Indas deals with this. I can't remember from as.
Dr. Distribution expense
Cr. Inventory
If the company is paying wages to travel and food, this is a common expense. If special rounds are made just to deliver this, you can journaliste it as
Dr. Distribution expenses
Cr. Inventory
Cr. Bank.
Means the travel expenses is recorded as sale promotion expense not as traveling expenses ??
Travelling expenses is better because it is tax deductible
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