entry is
Business Pramotion A/c Dr. XXXX
To Purchase / Trading A/c XXXX
being goods distrbuted for business pramotion.
entry is
Business Pramotion A/c Dr. XXXX
To Purchase / Trading A/c XXXX
being goods distrbuted for business pramotion.
I agree with Mr. Mittal.
Hi,this is srini, cpt student. Basically i am a science student, i have some doubts regarding journal entries..... 1.)Whether i need to memorize the journal entries of company accounts,branch,departmental, partnership or i need to apply accoring to golden rules.
| Originally posted by :CA Dhirendra Singh | ||
| " | Dear Sathya Goods distributed as sample, goods lost, goods taken for personal use and distributed for charity are always recorded at cost. So it is better to credit Trading a/c or purchases account instead of Sales account. Entry is made at cost. |
" |
| Originally posted by :Biju.V | ||
| " | What is the journal Entry for goods sold as samples? |
" |
Advertisement Expenses A/c........Dr
To, Purchases A/c
The Ultimate Objective of Distribution of sample is to make the Publicity of the Product & the entry can be passed as above.
yaa The reply given by Abhay is perfect but care should be taken is it should be recorded at the cost price.
Dear sir,
We paid 6180 rs to one of the advertisement co. three month advertising charge as advance. It is including Service Tax. Can we claim that amount in Service Tax? What is the journal entry for it?
Thanks
Alwin
Please give me a solution about, materials in transit, what is the journal entry i will made?
when salary and allowances is payable to the staff ,what is the journal entry in tally and adjusting entry journal will be when it is paid?
what is the journal entries for credit sales and credit purchases ???
Advertisement Exp. A/c Dr.
To Goods Sold as Sample A/c
"Our own judgement" is an important aspect of accounting.
We can debit (advertisement/ free samples/ sales promotion) and credit(Purchase/ trading)
"Our own judgement" is an important aspect of accounting.
We can debit (advertisement/ free samples/ sales promotion) and credit(Purchase/ trading)
I want to know purchase a/c which head goes it will be less in purchase in p/l
Goods Distributed as Free Samples A/c Dr. -----
To Purchase A/c ------- &
Journal entry will be:
Sales promotion expenses A/c Dr.
To. Purchase A/c
Narration : Being sample goods sold for business promotion.
Note: Sales promotion expenses account should be treated under the head indirect expenses (P&L A/c).
CAclubindia
