how i will pass the journal entry for the shipping charges



how i will pass the journal entry for the shipping charges..

Answer / mohd rayees

Shipping Charges is payment nature that mean.

The entry below.

If We Payment pass journal entry like.
Shipping charges A/C ......Dr
To Cash/Bank A/C
(being Cash Paid towards Shipping charges )
If Outstanding,
Shipping charges A/C .......Dr
To Shipping sharges payable A/C
(being outstanding towards Shipping charges )

If Sevices provider, pass the journal entry.
The entry below.
If Cash Received.
cash A/C .............. Dr
To Shipping charges A/c
(being Cash received towards Shipping charges )

If Outstanding.
Party Name A/C ........ Dr
To Shipping charges A/c
(being outstanding towards Shipping charges )

Is This Answer Correct ?    10 Yes 1 No

Post New Answer

More Accounting General Interview Questions

What is the Difference Between Sales Tax and VAT ?

8 Answers  


The jouranl entry of purchage of fixed assets are assents a/c dr. to cash/bank account why we not make journal entry for this is purchage a/c dr. to cash/bank .

9 Answers   Reliance,


what is journal entry for cash received

11 Answers  


What is the full form and the application of SAP?

67 Answers   DFAS, DynCorp, Ernst Young, Fashion Technology, Haier, LIC, Reliance, SAP Labs, SPS Group,


DEAR ALL PLEASE TELL ME? WHAT IS THE LIMIT OF CASH COMMISSION PAID AND RECD?

1 Answers   Jindal,






What are the various methods to depreciate an asset?

4 Answers  


What is purchasing order?

0 Answers  


Financial Management What will your outlook towards maintenance of liquid assets to ensure that the firm has adequate cash in hands to meet its obligation at all times?

1 Answers  


What's the accounting entry when an Invoice is created in AR?

0 Answers  


we given watches to Employees how to treat accountability what is the debit and credit, or any provision to be ?

0 Answers  


What is accrued expenses .and what is differance between accrued Expenses & Accrued Income?

3 Answers   HCL, HP,


Hi All, Can any body Explain the End to End Flow of Product Costing in SAP with Integration Point and Journal Entries Involved in the Flow ?

0 Answers   Wipro,


Categories