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Accountancy

Goods of selling price rs 1500 were distributed as free sample. It is our practice to charge 20% on selling price........entry???

Shruti ghosalkar

CA Foundation

★ 0

13-Aug-22 01:15

461

Answers (3)

Best Answer

Free Samples/ Advertisement A/c Dr. 1200 To Purchases A/c (1500 - 1500*20/100) 1200

Vijay Kumar Velagapudi

CA Foundation

★ 175

13-Aug-22 05:31

Goods are given as a free sample Free sample account. Dr. 1200 To Purchases account. 1200 (Being goods are given As a free sample)

Balachandar S

CA Inter

★ 59K+

13-Aug-22 06:39

Advertisement account. Dr. 1200 To Purchases account. 1200

Divy Degda

CA Final

★ 2K+

13-Aug-22 11:06

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