Journel entry
This query is : Resolved
Querist : Anonymous
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
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
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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