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pradeep (Querist)
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14 January 2011 Difference b/w Transportation Charges, Freight and Clearing and Forwarding charges

Pls explain me with the help of eg

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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14 January 2011 Transportation charges & Freight charges one of the same meaning.

Clearing & forwarding is the charges for material cleared at port and give to the material owner,this is charges for assist to clear the formalites in Customs and other auothority

pradeep

pradeep (Querist)
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14 January 2011 thanks sir

but still many of the companies show both the heads in Profit and loss A/c, why is it so can u clear me out.

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CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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14 January 2011 This is need to be considered as Direct Expenses.But treating as Profit & loss a/c based on company accouting policy.

pradeep

pradeep (Querist)
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14 January 2011 thanks a lot