Freight

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ANMOL AGRAWAL (Querist)
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29 November 2017 If in purchase invoice , it is written as
Total. : 600000
(+) Freight advance : 10000
Grand total. : 610000
( This is the purchase invoice )
My query is that in p/l we will transfer 610000 to purchases or only 600000 ??

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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29 November 2017 You have to record the purchase as Rs.610000/-

ANMOL AGRAWAL

ANMOL AGRAWAL (Querist)
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29 November 2017 Sir , why .. plss give the reason for that ??

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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29 November 2017 Purchase cost always inclusive of all the cost till reach your place such as freight, transportation etc.

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