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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



My question is- are tpt,freight & p & f charges part of sales & purchase when it inclu..

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

My question is- are tpt,freight & p & f charges part of sales & purchase when it inclu..

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

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