write journal entry that free sample are distrubuted
among the customers
Answers
Explanation:
golden principles of accounting .
personal account rule
dr- the receiver.
cr- the giver.
real account rule
dr- what comes in.
cr- what goes out.
nominal account rule.
dr- all expenses and losses.
cr- all incomes and gains.
the journal entry will be...
advertisement a/c dr
to purchases a/c
( being goods given as sample from purchases).
Answer
Let us recall the rules of journal
Golden Rules of Journal
Personal account rule
Debit- The receiver.
Credit- The giver.
Real account rule
Debit- What comes in.
Credit- What goes out.
Nominal account rule
Debit- All expenses and losses.
Credit- All incomes and gains.
Now
The journal entry will be
Advertisement A/C DR
To Purchases A/C
( Being Goods given as Sample from Purchases)