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
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