what is goods in transit and how to pass an entry


Answer Posted / mozabir

Goods in transit A/c -------Dr
To, Creditors A/c



Purchase A/c ---------------Dr
To, Goods in transit A/c

Is This Answer Correct ?    29 Yes 11 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Short Answer on _______Appropriation

1426


hai everybody... wish u all the best for those who got selected in sbi associate bank is anyone from coimbatore region attending on 27th may 2009.

1727


What is the rule on a school who will be handled by anither school? How do I calculate the royalty per year to the school who will supervise a new school

1549


Tell me the steps for Import and Export Thanks

1476


which are company offering jobs in PORTFOLIO MANAGEMENT ?

1779






Why does one need a broker?

1820


hi to all i have also cleared sbi exam and my interview is on 26th may 2009.can any one help to prepare for interview

1640


Short Answer on _________________City Compensatory allowance

1517


What three Specific Job Positions do you target from the Industry

1956


I am going for interview in Cross domain for Finance & Accounts opening. If any one having any question paper or question that might be asked in interview pls send me on my mail id -ruchi_singh759@rediffmail.com, or here.

6354


1. Cold Ice, Inc. sells ice cream sells for $2 each. The variable costs per ice cream are $1 and the fixed overheard costs are $ 0.35. A summer camp wants to place a one-time order for 100 cone of ice cream at a price of $ 1.25 each. What is the minimum price hot dogs should be charge for this special order?

1463


can u let me know how the bankers calculate interest on O.D.account

1498


Short Answer on __________written Down value

1508


Entrance Exam question & Answer required

1505


If income and expense both are equal then what it depicts

1525