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donations - Printable Version

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donations - Dodger - 11-19-2014 10:26 PM

For the company that is donating product, how do they record the transaction?
Is it just: credit inventory and debit donations (opex).
Does either cogs or revenue get hit?

Thanks


RE: donations - blue_oceans79 - 12-24-2014 08:08 PM

Debit donation expenses

Credit stock.