23 June 2016
Hi We are buying 150,000/- worth of goods from china and we paid by TT for the same. Bank charged 250/- as TT charges. again, we paid 3500/- as shipping cost to the supplier. How can i enter both expenses ? Shall i include TT charges and shipping cost in Purchase value or do i show it separately under "bank service charges" and "Freight charges " respectively ? Please suggest me through Journal entries
CAclubindia
