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Demo samples given/ damages

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(Querist)
24 December 2012 what is the accounting entry for stock demo samples given, or damages ?
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CA Sourabh Agarwal

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CA Sourabh Agarwal (Expert)
24 December 2012 Credit purchase account and debit sample account. Sample account is classified as indirect expenses.
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Kadmbari

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Kadmbari (Querist)
26 December 2012 I want the entry for demo samples entry which we given to dealer and another for damages in our godown stock.
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CA Sourabh Agarwal

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CA Sourabh Agarwal (Expert)
26 December 2012 For Samples --- (If free samples)
Sample a/c Dr.
To Stock A/c

In case of samples given on account, debit the dealer's account.

For Damages ---
Loss by damage a/c Dr.
To Stock A/c
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Kadmbari

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Kadmbari (Querist)
27 December 2012 thank you sir.

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