Sales Promotion
This query is : Resolved
02 January 2010
Dear Sir
A Mauuf.Unit pay Cash under table for Purchase Order.The Owner of Firm say its a Promotion of sales.Where should the cash entry accounted.
If I account as sale Promotion is it correct.Is sale prom. Direct Exp OR Indirect Exp. Please say.
Regards
A Mauuf.Unit pay Cash under table for Purchase Order.The Owner of Firm say its a Promotion of sales.Where should the cash entry accounted.
If I account as sale Promotion is it correct.Is sale prom. Direct Exp OR Indirect Exp. Please say.
Regards
02 January 2010
In my opinion, it is commission for getting purchase order. COMMISSION IS A INDIRECT EXPS. It can be disallowed under I. T. being illegal in nature.
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