Payment made to transporter

Deepak Kumar (Chartered Accoountant) (270 Points)

04 April 2013  

We have purchased goods on FOR Basis. Therefore liabilities of frright is not on us. Now we paid Rs. 25000/-(More than 20000) to transporter on behalf of supplier & debited to supplier by Rs. 25000/-. Now my question is that we are not booked freight in our book as we purchased FOR goods, Can we make payment in cash more than 20000/- ?  If we book freight in our books than we can make payment to transporter upto 35000/- but this is FOR Purchased & we paid to transporter on behalf of Supplier. Pls Solve ASAP