Sir
What is the journal entry for stock in transit
Y.RAMA KRISHNA (EXECUTIVE ACCOUNTS) (45 Points)
23 April 2012Sir
What is the journal entry for stock in transit
Sonu Kumar
(Account Manager)
(665 Points)
Replied 24 April 2012
Stock In Transit A/c - Dr
To Party Ac- Cr.
After Receiving the Goods
Goods A/c - Dr.
To Stock In Transit A/c - Cr