donations

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donations

Dodger
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#1

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

blue_oceans79
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#2

12-24-2014, 08:08 PM

Debit donation expenses

Credit stock.

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