WE HAVE PAID FREIGHT FOR INWARDS OF GOODS IN PURCHASE BILL. IN ACCOUNTING SYSTEM THE EXP. WILL BE UNDER DIRECT EXP OR INDIRECT EXP. PLS ADVICE.
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Freight inward
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Fright Inward manufactuering expense and will be debited to Trading account under Direct expense
BUT WE ARE TRADERS. PLS REPLY
Even if you are trading , its Direct Expense and will be debited to Trading account in Trading and profit and loss account
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