Freight inward

This query is : Open

ANMOL AGRAWAL (Querist)
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29 November 2017 if in purchase invoice,
total : 600000
(+) freight advance: 10000
grand total : 610000

then , that 610000 should be the purchases or only 600000 will come in P/L ??

RAJA P M

RAJA P M (Expert)
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29 November 2017 Your query is not cleared...

But, As per my assumption...

Purchase value Rs 6lakhs and Freight Advance Rs. 10000...

The Freight advance treated as "Advance" then 6 lakhs only in PandL account...

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