plz. solve this

as you receive the value of the material to be taken as a incentive , bcause u can find discounts in any ways even in kind , so u need to account for all the benefits provided to you .

now when u distibute it at free of cost then its a business pramotion so u need to pass a entry for business pramotion expenses

i think its the only way u can get out with it

plz solve ipcc advance accounting solution (group ii accounts)

hi, mr Gaurav iam totally agree with mr. Ramsinghania but sometime it not easy to trace the transaction so its better to to book free sample on value of Rs. 1 or any other nominal amt suitable to u and do same when u release the sample then amt will be netoff and it was not 100% correct bcos we are booking at some price but u can check the same concept followed in the fixed asset register where any asset fully depriciated but it was working then they put asset on a nominal value.

i hope it clear if any difference then pls let me know