Dear Sir/ Madam Please explain me following scenarios in briefly
1. Sales Promotions is direct expenses or indirect expenses?
2. We are a distributor and given gift a bike to my top selling retailer on approvel of manufacturer/supplier as a gift against salling target in perticuler periods and supplier (manufacturer) reverse me all amt under the head sales promotions so how can we complete all accounting entries?
3.We daily collects Coupons / Tokens from our dealers and send them to manufacturer at the month end, so please explein me accounting entries?
4.If we received direct coupons / tokens from end users so how we can made accounting entries?
5.if our goods purchase cost 170/kg & our margin is 10% per KG so our selling price is 187/kg but on approval of manucturer / supplier we give 30RS/KG discount on selling price, so what is our selling price in invoice beacause of this our sales reports shows loss status, please explain me in breafly?
6. we are arrage various type of meeting & programes in our territory for end users and for this we have heavy exp. per meeting so we claim our manufacturer and they reverse expences amount in sales promotion, so please explain all accounting entries?
CAclubindia
