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Journel entry

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 September 2015 if we purchased raw material for 100 Kgs. from vendor , as per terms freight is extra.


we received inventory and production finished and half of the finished goods also sold.

after 4 months the vendor submitted the freight bill for Rs.1000/-.

now what entries will come in this situation and what all the ledgers will effect.

please advice
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praveen

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praveen (Expert)
19 September 2015 Now enter the freight bill in the books of account. It will have effect on your stock as well, but should happen automatically

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