Dear
We send goods including transporation cost
e.g.
Taxable value Rs. 100+ Rs. 5 VAT +Rs. 10 Transportation cost=115
then what will be journal entry ????
whether transporation cost will be credited ????
thankls
Neha Mishra (@student) (234 Points)
21 February 2014Dear
We send goods including transporation cost
e.g.
Taxable value Rs. 100+ Rs. 5 VAT +Rs. 10 Transportation cost=115
then what will be journal entry ????
whether transporation cost will be credited ????
thankls
CA CS Chirag
(Practicing CA)
(834 Points)
Replied 21 February 2014
Debtors/Cash/Bank A/c Dr......
to. Sales
to vat
to transportation
Neha Mishra
(@student)
(234 Points)
Replied 21 February 2014
CA CS Chirag
(Practicing CA)
(834 Points)
Replied 21 February 2014
it depends if total of the income (transportation Income) during the year becomes significant part of your revenue it is to be shown separate other wise you may show in Misc. Income
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