which trade implies the sale of goods and services to the customer , for their personal ,non business use...
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Sale of goods and services to a customer
Explanation:
- The key assumption behind this transaction is the above sale is not a sale at all, technically, it is referred as distribution of samples free of cost. A sale transaction constitutes a creditor (buyer), a cash, a bank in exchange of goods and services.
- The seller may account or make a record of such free-trade in books of account for true and fair disclosure of transaction. At times, the seller may take goods and services for his own consumption and this is recorded as drawings in books of account.
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