GOODS IN TRANSIT
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 September 2010
HI,
HOW CAN I PASS JOURNAL ENTRY FOR GOODS IN TRANSIT,
KINDLY SUGGEST ME. ON FOLLOWING POINTS
# WILL THE GOODS IN TRANSIT ADD IN PURCHASE AND TAKE INTO CLOSING STOCKS
# OR IT HAS TO SHOW ONLY IN STOCK & CR. PARTY'S AT THE END OF THE YEAR.
IN FIRST CONDITON.
# AT THE END OF THE YEAR
PURCHASE A\C DR.
TO GOODS IN TRANSIT.( CURRENT LIABILITY)
# NEXT YER
GOODS IN TRANSIT DR.
TO PARTY'S ( WHEN GOODS RECEIVED)
# IN SECOND CONDITONS
# AT THE END OF THE YEAR
GOODS IN TRANSIT DR. ( CURRENT ASSETS)
TO PARTY'
NEXT YEAR
PURCHASE DR.
TO GOODS IN TRANSIT.
KINDLY PROVIDE UR ADVICE.
THANKS
HI,
HOW CAN I PASS JOURNAL ENTRY FOR GOODS IN TRANSIT,
KINDLY SUGGEST ME. ON FOLLOWING POINTS
# WILL THE GOODS IN TRANSIT ADD IN PURCHASE AND TAKE INTO CLOSING STOCKS
# OR IT HAS TO SHOW ONLY IN STOCK & CR. PARTY'S AT THE END OF THE YEAR.
IN FIRST CONDITON.
# AT THE END OF THE YEAR
PURCHASE A\C DR.
TO GOODS IN TRANSIT.( CURRENT LIABILITY)
# NEXT YER
GOODS IN TRANSIT DR.
TO PARTY'S ( WHEN GOODS RECEIVED)
# IN SECOND CONDITONS
# AT THE END OF THE YEAR
GOODS IN TRANSIT DR. ( CURRENT ASSETS)
TO PARTY'
NEXT YEAR
PURCHASE DR.
TO GOODS IN TRANSIT.
KINDLY PROVIDE UR ADVICE.
THANKS
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 September 2010
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