Packaging Fees Journal Entry
Packagi ng Fee is charged by the marketing company from its client against the packaging (which is a part of Marketing Mix) of products. The trading company needs packaging of products in order to sale these in the market. That is why, packaging fees is charged and it is considered while pricing a product. When packaging fees is incurred by the company’s business, then it is recorded as a Marketing expense in the Income Statement . The journal entry to record packaging fees is shown below: Packagi ng Fees a/c XXX ...