Transporter bill settelment entry

i have a query on how to do entry after settlement of bill of transporter.
 suppose a transporter issues me a bill of 60000,
i make a entry as :
carriage inwards a/c dr.... 60000
to x transport pvt ltd 60000
but when the bill is finally settled for say 56000,
then how to make the entry for the balance 4000 after making the payment entry of 56000?
1.will it be discount received 4000 or
 2. i shall make a reverse entry    as.....of x transport pvt ltd a/c dr....4000 to carriage 4000

The entry should be depending upon the terms of final settlement.

in your case, the correct treatment should be to pass reversal entry of Rs.4000/- by crediting to Carriage Inwards A/c. 

Originally posted by : CA. Subhash Dangi
	The entry should be depending upon the terms of final settlement. in your case, the correct treatment should be to pass reversal entry of Rs.4000/- by crediting to Carriage Inwards A/c.

thals for the reply,

there is no terms of settlement as such,mostly it case of excess billing,dispute in per metric ton freight charge agreed but while billing excess charged.