Fright charges

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thyagarajan (Querist)
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19 June 2009 Manufacuring company - their outputs are being transported by a transport company. Bill of that transport company is accounted in the manufacuring company's book under "Freight charges"

Now the manufacruing company bought TATA 407 vehcile to transport the goods. The fuel expenses can be accounted under "Freight"??

Pl clarify

Thanks in advance

Ram Avtar Singh

Ram Avtar Singh (Expert)
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19 June 2009 Answer 1:

Freight & Cartage Dr *****
Transporter Cr ******
and TDs to be deducted

Answer 2:

All Expences to accounted under Vehicle / Truck running & Maintenence

thyagarajan

thyagarajan (Querist)
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19 June 2009 Sir,

My doubt under what head of expenses the fuel charges that we incur for the TEMPO should be booked.

Pl clear me is it under vehicle running & maintenance? Since it is 100% being used for transporting the company's manufactured goods to their customers. Why it should not be brought under "FREIGHT"

Thanks.

Ram Avtar Singh

Ram Avtar Singh (Expert)
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20 June 2009 it should be booked under Direct Expenses group.

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