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Stock in transit

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EXECUTIVE ACCOUNTS
45 Points Posted on 23 April 2012

Sir

What is the journal entry for stock in transit

 

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On 23 April 2012 at 12:56 Report
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Account Manager
665 Points Posted on 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

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On 24 April 2012 at 15:05


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