freight audit
This query is : Resolved
nikhil suhas samak
(Querist)
17 August 2010
please provide me internal control questionnair for the audit of freight expenses and how to link such freight expenses with purchase and sales
17 August 2010
i just giving a suggestion. even i do not know my answer is suitable for your question.
always keep your company job number particular shipment. while opening docket itself, create a job number. mention the same job number for all the documents such as bill of lading, liner / carrier bill, fumigation bill, survey & measurement bill etc. if you maintain job number, you can find out the profit and loss also for the concern shipment. please reply of your understanding.
always keep your company job number particular shipment. while opening docket itself, create a job number. mention the same job number for all the documents such as bill of lading, liner / carrier bill, fumigation bill, survey & measurement bill etc. if you maintain job number, you can find out the profit and loss also for the concern shipment. please reply of your understanding.
17 August 2010
Freight Related to purcahse are Freight Inwards A/c as a direct expenses, while Freight related to sales are freight outward as selling & admn. expense.
At the time audit , you have to check bilty or bill of freight & check whehter vechile is coming in unit or going from unit. Most of cases, on bill vechilce no is mentioned . and In some state purchase and sales outside state , a form is filled for this in which transporter details and bill details are given. You can cross verifty it from that form also like form 31/form 38 etc.
At the time audit , you have to check bilty or bill of freight & check whehter vechile is coming in unit or going from unit. Most of cases, on bill vechilce no is mentioned . and In some state purchase and sales outside state , a form is filled for this in which transporter details and bill details are given. You can cross verifty it from that form also like form 31/form 38 etc.
nikhil suhas samak
(Querist)
17 August 2010
when company engage purchase from import and local purchase, then how to keep track for the freight expenses in ERP system
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- MSME disclosure and disallowance
- EPF ECR NEW RULES Sep 17th 2026
- Taxation of crypto futures in India Fy 2026- 2027
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
