One person has manufacturing business. He is paying freight expenses in cash.
Also he is receiving the freight expenses from other party but that he is not receiving in cash but there is deduction as discount of freight from the purchase....How i should pass the entries????
If i will record purchase at net amount rate per quantity will change.
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hi
One person has manufacturing business. He is paying freight expenses in cash.
regards,
phe9oxis,
CA Suraj Garg & Associates
New Delhi
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