Dear friends
I have few doubts
1. What is the journal entry for expenses incurred for transport. Consignment sent from Place A to Place B.
2. What is the journal entry for labour expenses incurred for job1.(Ex. Ashwin industries)
I given the payment like ashwin industries a/c dr
bank a/c cr
But i dont know how to book the expenses.
Pls guide me its urgent
1. Transportaion Charges A/c Dr.
To XYZ ( transporter)
2. Labour Charges A/c Dr.
To Ashwin Industries
If transportation charges incurred by company then it should be directly debited to Freight local a/c.
Friends.Thanks for your reply
1) The expenses incured to accounting book like the journal entries
Transportation charges a/c dr
To Ashwin industries A/c
( being the transportation charges for local goods trf to ashwin industries )
2 Then make the payments entries
Ashwin industries a/c dr
To Bank a/c
| Originally posted by : ashish gupta | ||
 |
1. Transportaion Charges A/c Dr. To XYZ ( transporter) 2. Labour Charges A/c Dr. To Ashwin Industries |
 |
CAclubindia
