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Accounting Treatment of Samples

 
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Accounting Treatment of Samples
Qureshi Muhammad Zeeshan
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Posts: 26
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Joined: Mar 2010
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#5
03-02-2010, 08:04 AM
As for as my knowledge is concerned,the Question was Answered by the Question itself. as u have Asked,whether to charge consumption of Samples in cost of Goods sold.As the Words of the Statement,"Cost of Goods Sold" indicates that u can only charge those cost in COGS which generate a sales Entry Eventually either in shape of cash or debtor.in other words COGS includes the cost of only those goods which are sold... and hence sample distribution does not create any sales Effect to mean they r not sold.therefore,it can not be charged there.in fact, it must be charged in Expenses or rather Marketing Expenses.

Its my Understanding being A PIPFA Final Student. if i m wrong then Do tell me.
shall be thankful

Regards

Qureshi Muhammad Zeeshan
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Messages In This Thread
Accounting Treatment of Samples - by A.raza - 02-28-2010, 03:05 AM
[No subject] - by Dard - 02-28-2010, 04:16 PM
[No subject] - by noman - 02-28-2010, 08:56 PM
[No subject] - by awaisaftab - 03-01-2010, 07:10 PM
[No subject] - by Qureshi Muhammad Zeeshan - 03-02-2010, 08:04 AM

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