Forgot to maintain frieght charges for machinary
This query is : Resolved
23 August 2012
Hi Experts,
we bought an asset for the year of 2010/4.
at that time there was Fright expencess to the Machine forgot to maintain.
in this year2012/8 now we find Fright has not maintained to the particular asset..
so, please suggest how do we maintain this Expencess and what will be the entries to pass,what are the affective accounts?
Please help me in this scenario
thanks
sadasiva
we bought an asset for the year of 2010/4.
at that time there was Fright expencess to the Machine forgot to maintain.
in this year2012/8 now we find Fright has not maintained to the particular asset..
so, please suggest how do we maintain this Expencess and what will be the entries to pass,what are the affective accounts?
Please help me in this scenario
thanks
sadasiva
24 August 2012
freight Expenses which was incurred on purchase of Machinery for the year 2010.
you have not adjusted in previous year but in current year you have adjusted that expenses from profit & Loss A/c
entry will have
Freight & Cartage Expenses A/c Dr.
To Profit & Loss A/c CR.
you have not adjusted in previous year but in current year you have adjusted that expenses from profit & Loss A/c
entry will have
Freight & Cartage Expenses A/c Dr.
To Profit & Loss A/c CR.
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