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Promotional gift received accounting

Accountancy

If a company receive 100 units of inventory free with its purchase by the supplier as a promotional gift so does it is recorded as gain/income in p&l or just decrease the cost of each unit (deflat the cost of each unit)


Atharv Sankliya

Atharv Sankliya

CA Final

3K+

22-Apr-23 12:31

271

Answers (1)

Reduce the cost per unit.


CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

22-Apr-23 13:01

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