Sir,
we have two firms. we have purchased goods from supplier And make the payment from current account. but by mistake freight payment we have made from other firm please suggest how to adjust the same in books
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Fright payment
Replies (4)
Quick Summary
Suppose you are having Firm A and Firm B , and made payment of fright charges of Firm A form Firm B .
You pass entry in the books of A as follows .
Fright Charges A/c Dr
To Firm B A/c Cr
( Payment of fright charges paid by firm B )
When you pay to Firm B , pass entry
Firm B A/c Dr
To Bank Cr
( payment to firm B for fright Charges paid by them)
Thank you Very much Sir,
Sir in tally in which group I create the ledger firm b
Sir in tally in which group I create the ledger firm b
create Firm B under " Associated Firm " Current liability .
Agree with Mr. Prasad
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