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Entry for goods in transit

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 February 2010 Is entry for goods in transit-

1) Purchases
to provision for purchases and

2)Goods in transit
to P/l account

Or
1)goods in transit
to sundry creditors

pls let me know
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
02 February 2010 First set of two entries is OK

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