Consignment

Goods in Transit Dr

   To Creditor (if credit purchases)

   To Cash / Bank ( if cash purchase)

hi when do we pass goods in transit entry in our books?

if I am buyer how will I know that goods are now in transit and coming to me?

shivani

Mam, The information regarding the Goods In Transit can be obtained from the supplier. As in he will inform you that he has dispatched the goods to you. Hence you may come to know from the same