Freebies with goods

07 February 2024

a company give free item with product so closing stock of that free item is stock in trade or finished goods?

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5 Replies

sabyasachi mukherjee (27574 Points)
Replied 07 February 2024

Stock in trade and finished goods

1 Like

Sharath chandra (Accountant) (1227 Points)
Replied 07 February 2024

if its given , then how will it come in closing stock ?

If that free item is fully manufactured, then it goes to finished goods.

if bought from outside, it will be in closing stock > finished goods.

2 Like

Yasaswi Gomes new (Finance ) (4514 Points)
Replied 08 February 2024

Dr Bank1

Cr. Inventory 2

Cr. Sales 1

Dr. Promotional expenses 1

1 Like

Atharv Sankliya (1354 Points)
Replied 08 February 2024

Some units are left it is brought from outside

sabyasachi mukherjee (27574 Points)
Replied 12 February 2024

Freebies with goods can be different

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