Goods in transit
This query is : Resolved
aymanshuaib
(Querist)
23 December 2014
how goods in transit accounted in books
how goods in transit accounted
CA R SEETHARAMAN
(Expert)
24 December 2014
Goods dispatched on or before 31st March on which ownership passed on to the buyer on or before 31st March but goods not received\received pending acceptance will be accounted as goods in transit crediting sundry creditors.
Rupesh Jain
(Expert)
24 December 2014
when goods as dispatch by the vendor and not received by the buyer.
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