Sales incentives

my client received sales incentive in the form of Mobile phone , the following entry is correct or not Mobile phone a/c dr to sales incentives a/c 2) My client sold privilege card to customers ( which is used for various Services by clients ). i want to know the entry for this sale of cards , below entry is correct or not cash or bank a/c dr to receipt of services A/c ( In p & l a/c )
Replies (4)

first entry instead of showing sales incentives u take it as a business promotion account

thanks sir, 

waiting for 2nd entry also 

 

for second  transaction, yu can debit the Customer A/C and Credit the Sales A/c - Privilege Cards

First of all thanks for the reply,

For 2nd entry , if you credit sales , shall we pay sales tax ( or service tax )

* Privilege card = used for serives 

please need details

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details
Company
24 October 2026
CA Industrial Trainee

Fytomax Nutrition Private Limited

Aurangabad

CA Inter

View Details
Company
ARTICLESHIP 22 October 2026
Articleship intern

Srinath Manikanta

Hyderabad

CA Inter

View Details
Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details