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When transport charges reimbursed by the supplier we have
to credit
1.Transport charges 2.supplier 3.Other income
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Answer / satyaki_raju@yahoo.co.in
When the transport charges paid
Transport charges a/c Dr
To Cash a/c
(Being Transportation charges paid)
When it is reimbursed by the supplire the entry will be
Supplier a/c Dr
To Transportation Charges a/c
(Being transportation charges reimbursed by the supplier)
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