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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

19 September 2015 if we purchased raw material for 100 Kgs. from vendor , as per terms freight is extra.

we received inventory and production finished and half of the finished goods also sold.

after 4 months the vendor submitted the freight bill for Rs.1000/-.

now what entries will come in this situation and what all the ledgers will effect.

please advice

praveen

praveen (Expert)
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19 September 2015 Now enter the freight bill in the books of account. It will have effect on your stock as well, but should happen automatically

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