Accounts
This query is : Resolved
12 January 2013
This Query is asked by my sister...
She came with two illustrations in one of which amount of Frieght
is written P/L a/c... and another one have amount of Frieght & duty
written in Trading a/c...
What is the difference between the two???
She came with two illustrations in one of which amount of Frieght
is written P/L a/c... and another one have amount of Frieght & duty
written in Trading a/c...
What is the difference between the two???
12 January 2013
In this one is outwad freight which is to be shown in p & l account.
Other is inward freight is to be shown in trading account as it relates to purchase & included in direct expense.
Other is inward freight is to be shown in trading account as it relates to purchase & included in direct expense.
15 January 2013
All expenses towards frieght and cartage up to bringing good to Godown are direct expenses, hence shown in trading a/c
frieght and cartage on good sold i.e. outward freight is an indirect exp, hence shown in p&l
frieght and cartage on good sold i.e. outward freight is an indirect exp, hence shown in p&l
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