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If a company sponsore
if a company sponsored foreign tour to their exclusive dealers who increase their sales what its accounting treatment in trading and profit and loss account ???
Replies (2)
According to AS, you can treat it as external goodwill. To give it a name, performance bonus or distribution expenses or entertainment expenses.
Performance Bonus a/c
To Bank a/c
GST on entertainment is highest. So check that out.
Agree with yasaswi
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