Forgot to maintain frieght charges for machinary
This query is : Resolved
23 August 2012
Hi Experts,
we bought an asset for the year of 2010/4.
at that time there was Fright expencess to the Machine forgot to maintain.
in this year2012/8 now we find Fright has not maintained to the particular asset..
so, please suggest how do we maintain this Expencess and what will be the entries to pass,what are the affective accounts?
Please help me in this scenario
thanks
sadasiva
we bought an asset for the year of 2010/4.
at that time there was Fright expencess to the Machine forgot to maintain.
in this year2012/8 now we find Fright has not maintained to the particular asset..
so, please suggest how do we maintain this Expencess and what will be the entries to pass,what are the affective accounts?
Please help me in this scenario
thanks
sadasiva
24 August 2012
freight Expenses which was incurred on purchase of Machinery for the year 2010.
you have not adjusted in previous year but in current year you have adjusted that expenses from profit & Loss A/c
entry will have
Freight & Cartage Expenses A/c Dr.
To Profit & Loss A/c CR.
you have not adjusted in previous year but in current year you have adjusted that expenses from profit & Loss A/c
entry will have
Freight & Cartage Expenses A/c Dr.
To Profit & Loss A/c CR.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is Aadhar PAN linking required for opening bank account?
- Applicability
- Where to show the RCM on Rent paid to unregistered landlord
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Application of 115BAC
- Gst Sales of FY 2023-24
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- TDS NUMBER SURRENDER
- Legal heir raised refund , but refund issued to the closed account of deceased.
- RCM - commercial rent paid to URP under GST
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
