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Accounting entry

LALIT KUMAR GANERIWAL (accountant) (241 Points)

13 December 2011

ONE OF MY CLINT'S SUPPLIER DEDUCT FROM BILL DELIVERY CHARGES 80.00 IN PER

PRODUCT VALUE 100.00

AAD VAT 4.00

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104.00

LEES DELIVRY 8.00

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96.00

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BILL AMOUNT OF MY PURCHASES96.00

WHATS LEDGER HEAD REQUIRE FOR DELIVERY

HE IS NOT CHARGES HE IS DEDUCT DUE TO GOODS TAKEN BY US FROM THEIR DOOR

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8 Replies

Giridhar S Karandikar (Team Lead) (7543 Points)
Replied 13 December 2011

If the supplier is providing delivery service, how can he deduct the same from the Invoice? The Invoice should be inclusive of the delivery charges. Total of the Invoice should be Rs.112

Then debit the delivery charges to a separate account under Indirect Expense to “Delivery Charges”

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(Guest)

In my view no ledger for delivery. Include delivery charges as part of purchases.

Purchase A/c Dr. 100

Vat A/c Dr. 4

To Party A/c 104

Thnx

LALIT KUMAR GANERIWAL (accountant) (241 Points)
Replied 13 December 2011

Originally posted by : Learner

In my view no ledger for delivery. Include delivery charges as part of purchases.

Purchase A/c Dr. 100

Vat A/c Dr. 4

To Party A/c 104

Thnx

BUT HE IS NOT CHARGED UPON ME HE REDUCE MY BILL AMOUNT FROM THE DELIVERY CHARGE

LALIT KUMAR GANERIWAL (accountant) (241 Points)
Replied 13 December 2011

Originally posted by : Giridhar S Karandikar

If the supplier is providing delivery service, how can he deduct the same from the Invoice? The Invoice should be inclusive of the delivery charges. Total of the Invoice should be 112

Then debit the delivery charges to a separate account under Indirect Expense to “Delivery Charges”

SUPPLIER NOT CHARGED UPON ME HOWEVER HE ADD.

WE HAVE GOODS TAKEN FROM THEIR DOOR