Purchases made for 20270 kgs @ Rs.43.40/- including Excise duty(108879) =879718, adding CST 2% total value of purchases is Rs.897312.00
but received quantity 20190kgs.that implies shortage of 80 kgs.
buyer paying total invoice amount 897312.00 to seller,but accouting in books for 20190kgs only. and collecting the shortage amount from transporter. what should be the accounting treatment and entry for shortage amount received from transporter?
CAclubindia
