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
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
Debtors/Cash/Bank A/c Dr......
to. Sales
to vat
to transportation
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
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View Details
CAclubindia
