Freight
This query is : Resolved
ANMOL AGRAWAL
(Querist)
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 ??
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
(Expert)
29 November 2017
You have to record the purchase as Rs.610000/-
ANMOL AGRAWAL
(Querist)
29 November 2017
Sir , why .. plss give the reason for that ??
CMA Ramesh Krishnan
(Expert)
29 November 2017
Purchase cost always inclusive of all the cost till reach your place such as freight, transportation etc.
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