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Entry of carry bags purchased
entry of carry bags purchased
Replies (12)
Quick Summary
Purchase of carry bags Dr.
To Bank/Cash Cr.
To Bank/Cash Cr.
And its treatment in training and profit&loss a/c
It will come in indirect expenses
And what if we charge money for carry bag
Then we see the net effect. If net effect is profit then it will come in indirect income and if there is net loss then it eill come in indirect expense.
Entry must be posted through purchase ledger increasing the stock of carry bag and consumption/sale should be charged to Pl account.
please correct I am wrong Ca Aakarsh Jain
please correct I am wrong Ca Aakarsh Jain
Agree with Abhishek
And what if there is no loss and no profit means we charge same amount on carry bags in which we purchase ?
For better presentation, receipt on credit side of pl and expense on dr side of pl
net effect to net profit will be zero
net effect to net profit will be zero
What is the title name for receipt shown in cr side of p&l a/c
expenses on carry on bag purchase entry in tally
Is a laptop carry bag fixed asset or not.
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