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what is goods in transit and how to pass an entry
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Answer Posted / syed
To Pass Goods in Transit Journal Entries
1 ) Goods in Transit ..Dr
Party .....................Cr
2) Party ........... Dr
Margin ...........Cr
PAD................Cr
3) Purchase .......dr
Goods in Transit.......Dr
4) PAD ,..............Dr
Bank ...............Cr
| Is This Answer Correct ? | 6 Yes | 12 No |
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