what is the accounting treatment in tally of free goods
received with goods purchased.
- 1 Answers
- 7136 Views
- I also Faced
- E-Mail Answers
Answer / Nida Parveen
In Tally (accounting software), when you receive free goods along with goods that were purchased, they should be accounted for as a reduction in cost of goods sold (COGS) or inventory depending on whether they are consumed immediately or stored for later use.
| Is This Answer Correct ? | 0 Yes | 0 No |
Tell me what does the investment of personal assets by the owner will do?
How can do it TDS in accounts?
What is Double Entry System ?
why capital is a liability ?
what is entry for depriciation
What are the three factors that can affect your cash flow and business profitability?
How will I post entries to Tally If I purchased a Car in Loan. The principal Amount = 62930 Interest = 6846 Total = 69776 We have to pay Rs 1191 every month for 4 years which include Principle amount and interest. how can I post the monthly entries to tally
Accounts Paybles & accounts Recivable are Real A/c , Personal or Nominal A/cs ?
what will be the entry for baddebts write off. what will be the entry for baddebts write off recovered.
Why loss shown in as Assets in Balance Sheet?
My Books of Accounts started from January 2013, I have opening Bank Balance Rs.1000/- Owner says this amount paid by one client in December 2012 appear in bank statement What is Accounting entry for the Accounting 2013 ?
what is tds and how it is calculating
Audit 
