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Consignment queries

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26 March 2014 Accounting treatment in the book of Consignee and Consignor.

Goods given as a free sample of Rs. 5000/-


28 March 2014 Consignor
Sales Promotion Exp Dr 5000
To Sales 5000

Consignee
financial entry not required (Mat value is Zero)


15 May 2014 How Free Goods are Considered as a Sales?




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