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Discussion > Accounts >

Stock in transit

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EXECUTIVE ACCOUNTS

[ Scorecard : 45] 		Posted On 23 April 2012 at 12:56 Report Abuse

Sir

What is the journal entry for stock in transit

 

Sonu Kumar
Account Manager

[ Scorecard : 519] 		Posted On 24 April 2012 at 15:05

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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