Ask Experts Questions for FREE Help !
Ask
    francis aikins's Avatar
    francis aikins Posts: 1, Reputation: 1
    New Member
     
    #1

    Jun 25, 2012, 07:45 AM
    Financial accounting questions and answers
    When a supplier gives out a sample of a stock to a buyer,how will you treat it in the books of an account.
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
    Ultra Member
     
    #2

    Jun 25, 2012, 06:30 PM
    Quote Originally Posted by francis aikins View Post
    when a supplier gives out a sample of a stock to a buyer,how wil you treat it in the books of an account.
    Debit samples under sales expense credit inventory

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Questions on financial accounting,cost and management accounting [ 3 Answers ]

I want different sets of questions on financial accounting,cost and management accounting for free. I am a teacher in this area

Accounting questions and answers [ 1 Answers ]

What effect do interest rates have on the calculation of future and present value? How does the length of time affect future and present value? How do these two factors correlate? What is the difference between “simple interest” and “compound interest”? Which is better for the borrower and which...

Answers to accounting questions? [ 0 Answers ]

u09a1 Budget Variance Analysis For the second quarter in a row, profits are down at Waterfall division. - Division Management budgeted $250,000 in profits for the 2nd quarter - but actual results were only $197,000 in profits. - The division management insists that the budgets were...

Accounting questions and answers? [ 0 Answers ]

I want to sell a business that I bought for $100,000 and sell it for $100,000 what if any taxes do I have to pay

Accounting questions and answers [ 1 Answers ]

I bought a timeshare five years ago for $17,000. I sold it last year for $8,000. May I write the loss of $9,000 off my taxes entirely or do I have to take the loss in increments?


View more questions Search