Power and fuel and freight
This query is : Resolved
21 October 2013
power and fuel should be treated as direct or indirect exp.?
what is the difference between the freight inward and freight outward ?
what is the difference between the freight inward and freight outward ?
21 October 2013
Cartage/freight inward is the same as
transportation-in and is part of
purchases. If you're using the perpetual
inventory method, it's part of
merchandise inventory. Consequently, it
will eventually become part of COGS.
Cartage/freight outward is the same as
transportation-out or delivery expense
and is a selling or distribution expense.
It's among the operating expenses
which come after the gross profit line.
transportation-in and is part of
purchases. If you're using the perpetual
inventory method, it's part of
merchandise inventory. Consequently, it
will eventually become part of COGS.
Cartage/freight outward is the same as
transportation-out or delivery expense
and is a selling or distribution expense.
It's among the operating expenses
which come after the gross profit line.
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
- About TDS & Income Tax
- Tax on Deemed Capital Gain
- Scrutiny and reopening of past returns
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- ASMT-10 received from A O
- Rental income of jointly held property
- Accounting with Claude
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
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
