trading stock is given to client as sample sales.
I want to know how to pass entry for sale with zero rated value and at the same time the value of free sales should reflect in P and L a/c.
Menu
Sample sales treatment
Replies (1)
First ascertain the cost value of the trading stock which was distributed as free samples.
Then Pass the entry by debiting the Free Samples account and crediting the Inventory account with the cost value so ascertained.
Hope I was able to reply your query!!
Recent Topics :
- Rule 86(B) Applicability
- ROC FILINGS FY2025-26
- Mismatch in 26AS
- How Can a Trader Utilise Approximately ₹1.20
- How Can Law Students Present Papers at Conferences
- On which amount 200% penalty under section 270A is
- RECEIVED INTIMATION U/S 399 FOR TDS PAYMENT ON PRO
- How do CA firms track SEBI/AMFI circulars and dead
- Jurisdictional validity of Sec 148 notice after fa
- Taxable Income or Not
Related Topics :
CAclubindia
