WE HAVE PAID FREIGHT FOR INWARDS OF GOODS IN PURCHASE BILL. IN ACCOUNTING SYSTEM THE EXP. WILL BE UNDER DIRECT EXP OR INDIRECT EXP. PLS ADVICE.
3 Replies
prasad Nilugal
( GST Practitioner & Accounts )
(14805 Points)
Replied 17 May 2018
Fright Inward manufactuering expense and will be debited to Trading account under Direct expense
prasad Nilugal
( GST Practitioner & Accounts )
(14805 Points)
Replied 17 May 2018
Even if you are trading , its Direct Expense and will be debited to Trading account in Trading and profit and loss account
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