Accounting entry

ONE OF MY CLINT'S SUPPLIER DEDUCT FROM BILL DELIVERY CHARGES 80.00 IN PER 

PRODUCT VALUE 100.00

AAD VAT                       4.00

                              -----------

                                  104.00

LEES DELIVRY         8.00

                            ------------

                                 96.00   

                              ----------

BILL AMOUNT OF MY PURCHASES96.00

WHATS LEDGER HEAD REQUIRE FOR DELIVERY

HE IS NOT CHARGES HE IS DEDUCT DUE TO GOODS TAKEN BY US FROM THEIR DOOR

Replies (8)

If the supplier is providing delivery service, how can he deduct the same from the Invoice?  The Invoice should be inclusive of the delivery charges.  Total of the Invoice should be Rs.112

Then debit the delivery charges to a separate account under Indirect Expense to “Delivery Charges”

In my view no ledger for delivery. Include delivery charges as part of purchases.

Purchase A/c      Dr.   100

Vat A/c               Dr.       4

                     To Party A/c   104

Thnx

Originally posted by : Learner


In my view no ledger for delivery. Include delivery charges as part of purchases.

Purchase A/c      Dr.   100

Vat A/c               Dr.       4

                     To Party A/c   104

Thnx

 

BUT HE IS NOT CHARGED UPON ME HE REDUCE MY BILL AMOUNT FROM THE DELIVERY CHARGE 

 


Originally posted by : Giridhar S Karandikar


If the supplier is providing delivery service, how can he deduct the same from the Invoice?  The Invoice should be inclusive of the delivery charges.  Total of the Invoice should be 112

Then debit the delivery charges to a separate account under Indirect Expense to “Delivery Charges”

SUPPLIER NOT CHARGED UPON ME HOWEVER HE ADD.

WE HAVE GOODS TAKEN FROM THEIR DOOR

 


Party A/c      Dr.   8

          To Delivery Charges (Income)    8

Hope it clarifies ur doubt.

thnx

 I HAVE ALREADY DO THIS BUT SOME DOBUT IN THIS ?

     Purchases                Dr.  100

      Input VAT                   Dr.      4

               To Supplier                                   96
        
                To Discount Recd.                         8
(being goods purchased and discount recd. in lieu of not availing delivery services)

THANKS MR PRAKSH RAI

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