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Entry of goods in transit in books

This query is : Resolved 
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(Querist)
17 May 2013 SIR,IN CASE OF PURCHASES INSTEAD OF FIRSTLY DEBIT TO GOODS IN TRANSIT A/C AND CREDIT TO SUPPLIER A/C AND THEREAFTER DEBIT TO PURCHASE A/C AND CREDIT TO GOODS IN TRANSIT ACCOUNT IF WE DIRECTLY PASS THE ENTRY AS
PURCHASE A/C DEBIT AND SUPPLIER A/C CREDIT
IS IT ALLOWABLE ? IF NOT PLEASE GUIDE ME ACCORDINGLY
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
19 June 2013 First method can be used only during month end, where you are already purchased and goods in transit , yet to receive

second method is normal process
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