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Accounting entry

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(Querist)
16 August 2012 I have purchased Raw Material from Vendor on F.O.R basis and material reached at my premise through my regular transporter( i.e. vendor hired Vehicle fr. my transporter).
After that Trpt. co. has raised bill in the name of my co. and I made made pmt. to Transport co.
Now I have to debit this frt. amt. in the name of Vendor.

Pls. suggest accounting treatment of whole Process.

with thanks and regards
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Amol S Joglekar

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Amol S Joglekar (Expert)
16 August 2012 Issue a debit note to VENDOR. 1.Transport charges receivable a/c debit TO Transport co a/c.....2.Transport co a/c debit to cash or bank as the case may be......3.Vendor's a/c debit to transport charges receivable
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