Accounting for free inventory as form of payment

Ireland Discussion in 'Technical Queries' started by FC27, Nov 7, 2018.

  1. FC27

    FC27

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    Hi All,

    If I’m receiving inventory as form of payment what is the correct accounting treatment.

    I’m thinking
    Debit inventory balance sheet
    Credit revenue

    To the value of the cost.

    Would like to get other opinions

    Thanks
     
    FC27, Nov 7, 2018
    #1
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