Free samples

This query is : Resolved

Poonam Lohiya (Querist)
Follow

13 April 2015 sir
i received free quantity from my company..which i received in april month but it is of march month.....quantity is at nominal rupee 1 or 2 rupee.......how to account for it...should i account it in march or april and how??????please reply

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
Follow

13 April 2015 i didnt understnad ur query clearly..

you received or the co received ??

and u received from the company then for which accounting u asking... for company or for urself

Poonam Lohiya

Poonam Lohiya (Querist)
Follow

13 April 2015 sir i m asking for myself.....i m the distributor...how to make accounting in my books

Upgrade to CAclubindia Pro. Subscribe Now!

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
Follow

13 April 2015 we usually enters it in our financial books at Rs 1 all items received as FOC...

So u can add it in stock at nominal value ..

If you had received them in april, u can enter them in current year books...

Poonam Lohiya

Poonam Lohiya (Querist)
Follow

13 April 2015 so you mean to say i should enter in purchase at nominal value of rs.1...........i want to ask quantity is received of march and received with april months bill so can i enter it in march

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
Follow

13 April 2015 in mah view you cant.. because u hadnt received it in april...

let other expert give their views...

because mah personal experience says that we cant do it.. and the better view wil b to show in april as u had received it in april months bill

Poonam Lohiya

Poonam Lohiya (Querist)
Follow

13 April 2015 thanks...............

Poonam Lohiya

Poonam Lohiya (Querist)
Follow

13 April 2015 waiting for other experts reply on it........

Upgrade to CAclubindia Pro. Subscribe Now!