treatment of credit note of freight
This query is : Resolved
16 August 2009
Hi! all.plz solve my following query.
what is the treatment of credit note of the freight issued by seller to buyer in case of FOR contract in which freight is paid by buyer at destination on behalf of seller and seller in turn issues credit note to buyer for this.
Please tell me A/Cing entries in books of seller and buyer.
what is the treatment of credit note of the freight issued by seller to buyer in case of FOR contract in which freight is paid by buyer at destination on behalf of seller and seller in turn issues credit note to buyer for this.
Please tell me A/Cing entries in books of seller and buyer.
16 September 2009
YOu have to book ur Expenses and Credit to Party a/c
Dr.Sales Freight Outward A/c
(Under Expenses)
Cr. Buyer A/c
Dr.Sales Freight Outward A/c
(Under Expenses)
Cr. Buyer A/c
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
- Price inclusive or exclusive of GST while made entry in P& L Account
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Dep. as per companies act
- Applicability of GST on Salary Reimbursement Component
- Tds on commission charges
- Minimum tax payable to file Updated return
- FAST-DS Scheme - Foreign Assets
- Renovation exp. in flat by family member
- CHECK RELATED
- Change Of Karta In Case of Death
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- TDS Challan - change of FY 2025-26 to TY 2026-27
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- 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?
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
Quick Links
ARTICLESHIP
07 September 2026
CA Articles
Kothari Jain Patil & Chartered Accountants
Pune
CA Inter
View Details
Featured
11 September 2026
Audit Executive
RBSM Corporate Advisors Private Limited
Pune
CA
View Details
22 September 2026
Account Assistant
Chirag P Shah & Co. Chartered Accountant
Pune
B.Com
View Details
CCI
Pro
CAclubindia
