how to track cost of a item when frieght is already paid by client .
for example bill value is Rs. 110/ (100 is material cost and Rs. 10/- is frieght ).Total amount payable to supplier is Rs. 100 only. frieght will be paid by client.
what will be the entry in purchase , so that ledger value of supplier shows Rs. 100 as outstanding.
If freight paid by client then why you add it your/supplier Invoice...
If you are the Supplier and you ll be add the Freight in Invoice... Then follow the steps...
| DR | CUTOMER | Rs. XXXXX | |
| CR | SALES A/C | Rs. XXXXX | |
| CR | FREIGHT | Rs. XXXXX | |
| CR | CGST | Rs. XXXXX | |
| CR | SGST | Rs. XXXXX |
because material coming in as to pay, that is to be paid by me, but shown in invoice, ultimately i have to consider cost of frieght into account for taking out actual price.
In my opinion Freight account debit and claint account credit. I hope.
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