malarvannan (accounts executive) (133 Points)
25 November 2011Dear friends
I have few doubts
1. What is the journal entry for expenses incurred for transport. Consignment sent from Place A to Place B.
2. What is the journal entry for labour expenses incurred for job1.(Ex. Ashwin industries)
I given the payment like ashwin industries a/c dr
bank a/c cr
But i dont know how to book the expenses.
Pls guide me its urgent
ashish gupta
( student)
(1922 Points)
Replied 25 November 2011
1. Transportaion Charges A/c Dr.
To XYZ ( transporter)
2. Labour Charges A/c Dr.
To Ashwin Industries
C.A. Sandeep Wawhal
(CA, PGDFM, BCom)
(1831 Points)
Replied 25 November 2011
If transportation charges incurred by company then it should be directly debited to Freight local a/c.
malarvannan
(accounts executive)
(133 Points)
Replied 25 November 2011
Friends.Thanks for your reply
A.Abdul Latheef
(chennai)
(24 Points)
Replied 25 November 2011
1) The expenses incured to accounting book like the journal entries
Transportation charges a/c dr
To Ashwin industries A/c
( being the transportation charges for local goods trf to ashwin industries )
2 Then make the payments entries
Ashwin industries a/c dr
To Bank a/c
CA. Kunal Lakhotia
(ACA)
(1006 Points)
Replied 26 November 2011
| Originally posted by : ashish gupta | ||
 |
1. Transportaion Charges A/c Dr. To XYZ ( transporter) 2. Labour Charges A/c Dr. To Ashwin Industries |
 |
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