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Journal entry for goods received as free sample

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(Querist)
21 August 2013 WHAT JOURNAL ENTRY SHOULD BE PASSED FOR GOODS RECEIVED AS FREE SAMPLE AND WHAT IF SAME IS SOLD FOR CASH
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
22 August 2013 Incase not for sale by case only maintain the stock quantities

Incase sale by cash maintain stock and while making sales dr: Cash/bank Cr: Sale
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SADDAM

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SADDAM (Querist)
22 August 2013 THANKS SIR
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