Free goods
28 September 2009
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One Comment
Hi All,
I would like to know what the best treatment for Free Goods offerd from a supplier to a retail pharmaceutical company . Actulay the offer is presented in two types :
1- implicit in the vendor invoice as an additioanl free quantity with a 0 value , means the invoice contain both priced goods with $ value and additional free goods with 0 value.
2- Seprate free shipment with a total 0 value invoice.
Please advice the accounting treatment for this case.?
Thanks
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you will have apportion invoice amount over the number of goods (including the free goods). Nothing comes for free my friend.
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