Frndz..help me to understand accounting treatment in tally ERP9 of "Freight Charges on Purchase of Machinery" ?
Meenakshi Minu (18 Points)
08 January 2016Frndz..help me to understand accounting treatment in tally ERP9 of "Freight Charges on Purchase of Machinery" ?
Vishal Goel
(Chartered Accountant)
(1688 Points)
Replied 08 January 2016
Hello,
If the freight is considered part of the cost of an asset it is recorded as part of the value of the asset.
Neeraj P Chourasia
(Accountant)
(60 Points)
Replied 08 January 2016
All expenses incurred till the time the asset becomes operational should be considered as the cost of the asset. Thus, Freight Charges on Purchase of Machinery will be added to cost of asset.
Read more at: /forum/freight-on-machinery-purchase-345648.asp
Niraj Bista
(A/C)
(70 Points)
Replied 08 January 2016
Niraj Bista
(A/C)
(70 Points)
Replied 08 January 2016
Prem M Ochwani
(student)
(138 Points)
Replied 10 January 2016
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