sales
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 June 2010
Hi
Can one tell me what will be entry
In sales bill:-
Sales amount 10000
Excise 800
Vat 500
Freight 1000
Total 12300
May i know what will be entry and what will be treatment of freight?
Can one tell me what will be entry
In sales bill:-
Sales amount 10000
Excise 800
Vat 500
Freight 1000
Total 12300
May i know what will be entry and what will be treatment of freight?
15 June 2010
Party A/c Dr.12300/-
To Sales 10000
To Freight & Forwarding Recd 1000
To Vat Payable 500
To Excise Duty Payable 800
Freight & Forwarding Recd will be shown as Indirect Income. or You can adjust it with Freight & Forwarding exp.
i.e you have charged Rs.1000/- and pay freight agasint it rs.700/-
then both entry will be passed in same account, now you have income of Rs.300/-
To Sales 10000
To Freight & Forwarding Recd 1000
To Vat Payable 500
To Excise Duty Payable 800
Freight & Forwarding Recd will be shown as Indirect Income. or You can adjust it with Freight & Forwarding exp.
i.e you have charged Rs.1000/- and pay freight agasint it rs.700/-
then both entry will be passed in same account, now you have income of Rs.300/-
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
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Taxation of crypto futures in India Fy 2026- 2027
- Issuing of delivery challan by seller of goods
- Transfer of Physical Stock Between Two Proprietorship Concerns
- EPF ECR NEW RULES Sep 17th 2026
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
