Goods distributes to people for marketing purpose value $1000. what will be the journal entry ?

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What is the purpose of Journal Entries?
Posted by:
Wilfredo Quito
12-October-2016

Accounting Auditing Finance

Question added by Saidul Alam , Accountant , Akhtar Al Balushi Trad. & Cont. L.L.C
Date Posted: 2015/08/31

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1 Answers

by Falah Musthafa , Audit Executive , MIM International Consultancies

Debit : Advertising Expense $1,000/-

Credit : Inventory $1,000/-

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