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About Freight Charges

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(Querist)
11 August 2009 Pls tell me on Cement Purchase
Payment of Excise and also Freight Charges
When we received a Credit note of Freight Charge,what we have to take that credit in our book of account ?
If this Credit Refundable or not ?
& what about credit note given by seller ?
pls help me in this confusion.
thanks for your advise
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Vishnu Saboo

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Vishnu Saboo (Expert)
14 August 2009 if you have received credit note regarding freight, you have to reduce your expense account by debiting the party.
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Murtaza I Bhagat

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Murtaza I Bhagat (Querist)
18 August 2009 Thank Arun
Do you show me the entry regarding this ?

Thanks onceagain
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