Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
donations
11-19-2014, 10:26 PM,
#1
donations
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
Reply
12-24-2014, 08:08 PM,
#2
RE: donations
Debit donation expenses

Credit stock.
Reply


Forum Jump:


Users browsing this thread: 1 Guest(s)

Contact Us | Accountancy | Return to Top | | Lite (Archive) Mode | RSS Syndication