Freight outword
This query is : Resolved
30 September 2016
Dear sir
Freight out word is a indirect exp. and recorded debit side of P/L a/c , but some times it is recorded credit side of P/L a/c why. Plz. explain this concept.
Thanks
Freight out word is a indirect exp. and recorded debit side of P/L a/c , but some times it is recorded credit side of P/L a/c why. Plz. explain this concept.
Thanks
30 September 2016
When the freight outward is recovered from the buyers it is shown under credit side.
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
- 44AD VS 44AB AUDIT
- Query Regarding Refund Adjustment Against Outstanding Demand
- Seeing a huge entry in AIS Purchase of time deposits (SFT-005), what it is for
- Computation of Dividend
- Custom Morale Hat Patches UK
- GST APPLICABILITY TO DIAGNOSTIC
- Clarification on GST Applicable for Training Hall Rent Invoice
- Multiple GST under same PAN
- Itr processing delay
- Query Regarding Adjustment of Income Tax Refund Against Interest Liability
- PAN from DIN
- CESS not claimed in GSTR3B either in inward supplies or outward supplies for the period Oct2025
- Purchase of property from NRI
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
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
