banner_ad

Entry of stock in transit

This query is : Resolved 
Profile Image

Profile Image

(Querist)
17 April 2015 how can i made entry of stock in transit
Profile Image

Arpit Shah

Profile Image

Arpit Shah (Expert)
18 April 2015 https://www.caclubindia.com/forum/accounting-entry-for-goods-in-transit-54029.asp#.VTHgz-nqlxA
Profile Image

Rajnish Singh

Profile Image

Rajnish Singh (Expert)
09 November 2015 As per Accounting standard stock can be booked only when ownership transfered in name of company that is depend on purchase terms assume if that is company assets than we have to pass below entry..

Goods in Transit account Dr.

To Vendor Account.

and when goods received ..

Purchase account Dr.

Tax Input Account Dr.

To Goods in Transit Account.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details