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Carriage expenses incurred to transfer

26 February 2023

carriage expenses incurred to transfer the goods from. production house to company store is recorded in which account trading account or in manufacturing account??

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5 Replies

sabyasachi mukherjee (27650 Points)
Replied 26 February 2023

Added to manufacturing account.

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Yasaswi Gomes new (Finance ) (4545 Points)
Replied 26 February 2023

I'm doin the same work for Aditya Birla Fashions and I transfer anything I want to. It's called as STO (stock transfer order) when I check quantity,. Price and gst. It's also called as delivery challan if the transfer is within states. I do lots of funky stuff for good wage.

Yasaswi Gomes new (Finance ) (4545 Points)
Replied 26 February 2023

Carriage onwards is free and outwards is an expense. I don't pay for transpoter I'd becIse it's an operating expense according to my job profile, but bringing it to sale is cost of inventory but seelings costs are not my expenses. AS 2.7 suggests Purchases inward is an inventory cost. But you people who ask questions here are so vague that we can't help you at the caclub.

We want to know what is your query

Your transaction

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so that you u will get accurate answers. I never blamed anyone, but hey MBA and B.Com doubts are awkward and half knowledged.

Atharv Sankliya (1356 Points)
Replied 27 February 2023

Charges paid to ship the finished goods to the company store from its factory!

Yasaswi Gomes new (Finance ) (4545 Points)
Replied 27 February 2023

Withing city and state it's called delivary challan. Out of state transfer it's called STO. Nothing makes a difference, You have generate invoices and produce e-way bills by filing them. Transport charges are admin selling and distribution expenses. I'm working on Delhi for right now dealing with warehouse management.