03 August 2015
Expenses incurred on behalf of customer is adjustment/contrilling a/c I.e. whatever we have incurred during a particular period the balance in these account should be Zero, jitna b kharch kia h customer ke behalf pr wo waps aa gya h, and if not reconcilion required to be made....
03 August 2015
And for your final query why we should not open a separate account for transporter, its already discussed in my last to last suggestion....
Its upto to you how you can manage your books of account... You can manage by single account or by n nos of account on your choice ....
05 August 2015
Why last books of X made in the name z it should be y ( money will be received from y not z being transporter)
Otherwise all entries were same as I suggested earlier.
And for last query related to transportations exp
Because these expenses are incurred for the purpose of the procurements of Raw Material and if these were related to any fixed asset then the same will be included in cost of fixed asset.
And after all these, I must say one thing you need to just concentrate on basis of accounting rules/principles all entries will be automatically correct ....
in case one where transport is included in invoice u took purchase debit transportation debit and X credit in Y books to reflect all that's there in an invoice.
But consider same case one in X books.
In X books where he is showing transport charges in invoice then entry in X books will be
CAclubindia
