Buy 1 get 1 free
Atharv Sankliya (1354 Points)
09 October 2022
what is the accounting entries for buy 1 get 1 goods sold
8 Replies
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 09 October 2022
One as a sale and another one may be adjusted in advertisement/ business promotion exp
Business promotion exp a/c Dr
To Sales
Business promotion exp a/c Dr
To Sales
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 11 October 2022
Then purchase a/c has no relevance..
Sales A/c and closing stock will be affected and exp has to be booked
Sales A/c and closing stock will be affected and exp has to be booked
Yasaswi Gomes new
(Finance )
(4514 Points)
Replied 11 October 2022
Indas revenue recognition has it. Buy one and demand one for free. I forgot the treatment, get back to you
Yasaswi Gomes new
(Finance )
(4514 Points)
Replied 12 October 2022
I've searched for it online and couldn't find the accounting treatment. Sry
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 13 October 2022
But being a seller, it is part of sale one must see is the price hiked twice ?
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