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(Querist)
29 November 2010 How can we treat the following situation, how it appears in accounts and what is the effect in the quantity and value of stock?

Sample raw material received from a party outside india through courier and all the expenses relating to it are met by the party who send the material.
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arunkumar

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arunkumar (Expert)
02 December 2010 hi harikrishna

as my knowledge

Purchase A/c Dr
to
Vendor A/c.

vendor A/c Dr
To
Sample material A/c (indirect income)
here we create the sample mateialhe
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