Consignment
rahul (student) (62 Points)
10 May 2014
what is the journal entry for goods in transit purchased for..
CMA T Jagadeesh
(Manager - Finance & Accounts)
(106 Points)
Replied 10 May 2014
Goods in Transit Dr
To Creditor (if credit purchases)
To Cash / Bank ( if cash purchase)
rahul
(student)
(62 Points)
Replied 10 May 2014
Shivani
(Learner)
(1881 Points)
Replied 10 May 2014
hi when do we pass goods in transit entry in our books?
if I am buyer how will I know that goods are now in transit and coming to me?
shivani
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