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michbe
Feb 13, 2010, 05:36 PM
We cut gemstones. We did 5 stones for a personal who is a jeweler. We didn't charge him but used it as a promo. How do I record these. I debited the expense account "promotional stones" which account would I credit? If I credit sales it increases it.

Thank you,
Michele

morgaine300
Feb 15, 2010, 02:57 AM
Yes, you credit revenue, and yes, it increases it. That's the idea. You earned it, and you did get something in exchange for it - some hopefully free advertising.