free samples

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 December 2009 Dear colleagues,

Please throw some light on the doubt I am having regarding free samples

accounting tratmet for free samples recived.

CA SURENDRA KUMAR RAKHECHA

CA SURENDRA KUMAR RAKHECHA (Expert)
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08 December 2009
No financial transaction is involved in free samples.

Neither you have to pay nor you will receive anything.

So only Memorandum A/c of Sample Received may be maintained. When you issue samples; you can deduct the quantities you issue.

This account will not be reflected into your books of account.

Ca Rakhecha
Surat