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Categories >> Accounting >> Accounting AllOther
 
 


 

 
Question what is goods in transit and how to pass an entry


 Question Asked At :: , S.K.Industries
 Question Submitted By :: guest
I also faced this Question!!     Answer Posted By  
 
Answer
1 For booking purchase entry

Purchases a/c -----dr (PL)
To Creditors (BS)

2 For Stock entry

GIT Inventory a/c -----dr (BS)
To GIT Inventory (PL)
Is This Answer Correct ?    7 Yes 14 No


 
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