Purchase in transit
This query is : Resolved
18 January 2013
Dear All,
How to make purchase in transit journal entry in books at the end of every quarter.
regards,
satish
How to make purchase in transit journal entry in books at the end of every quarter.
regards,
satish
18 January 2013
goods in transist means the goods were in transportation yet not reached the production place(or) destination place can be regarded as goods in transist the entry for this is
Goods in transist a/c dr
To cash a/c
Goods in transist a/c dr
To cash a/c
18 January 2013
and in sale tax return can we show purchase in transit or when material received
18 January 2013
Sorry brother no idea about it....
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