My question is- are tpt,freight & p & f charges part of
sales & purchase when it include in invoice. suppose if
goods value 20000 freight chrg 425.00 total sales will be
20425 or only 20000.00 how it will effect ?? pls clear
Answers were Sorted based on User's Feedback
Answer / dhara
hi,
The total sales will be of Rs. 20425
and the entry will be
Cash Dr. Rs. 20425
To Goods A/c Cr. Rs. 20000
To Freight A/c Cr. Rs. 425
Is This Answer Correct ? | 10 Yes | 3 No |
Answer / accountant no 1. govdinda
Cash Dr. Rs. 20425
To sales A/c Cr. Rs. 20000
To Freight A/c Cr. Rs. 425
ok
Is This Answer Correct ? | 8 Yes | 3 No |
What is cash flow and fund flow?
trial balance is not a conclusive..?
What are a debit note and credit note with an example?
Hi,i went for an interview they asked me why a balance sheet should tally.can anyone tell me
ACCOUNTING CONCEPTS AND CONVENTIONS
What is service tax & excise?
Name three (3) fixed-income security data points, which are different from those provided for equity securities
WHEN WILL SBI DECLARE THE RESULTS OF INTERVIEWS OF CLERICAL CADRE HELD IN APRIL-MAY 2010?
0 Answers State Bank Of India SBI,
What is accounts receivable?
Expenditure incurred for the innovation of Guest house building is revenue nature or capital nature ??
whether sale and purhases of cf agent are his and he is liablte to pay VAT on sale of goods and pay the tax to govt collected by him one more being receiving commission of saleproceed during the year whose stock would be it it is of c f agent or principal manufctrurer who has send the goods to sold on his behalf
What is the meaning of contra entry