purchase 100 rs packing charge 10 rs taxble amount 110 gst 18 percentage invoice amount 110 + gst now my question is what is the treatment packing charge in trading account direct expenses or add in purchase amount
Replies (3)
Quick Summary
This discussion explores the accounting treatment of packing charges. While generally considered an indirect expense to be included in the Profit & Loss account, if packing charges are listed on the purchase invoice, they should be added to the cost of purchases.