how i will pass the journal entry for the shipping charges
- 1 Answers
- 8248 Views
- I also Faced
- E-Mail Answers
Answer Posted / mohd rayees
Shipping Charges is payment nature that mean.
The entry below.
If We Payment pass journal entry like.
Shipping charges A/C ......Dr
To Cash/Bank A/C
(being Cash Paid towards Shipping charges )
If Outstanding,
Shipping charges A/C .......Dr
To Shipping sharges payable A/C
(being outstanding towards Shipping charges )
If Sevices provider, pass the journal entry.
The entry below.
If Cash Received.
cash A/C .............. Dr
To Shipping charges A/c
(being Cash received towards Shipping charges )
If Outstanding.
Party Name A/C ........ Dr
To Shipping charges A/c
(being outstanding towards Shipping charges )
| Is This Answer Correct ? | 10 Yes | 1 No |
Post New Answer View All Answers
Ours is a technology firm. We got a contract of 1 lac. It is payable at the end of the contract. How you will recognize revenue?
professional tax payment for april 2017 paid from ranbeers credit card what are the expesses booking entry in tally
what type account are below Debentures Bank overdraft
Define a company's payable cycle?
Dear Sir, Tomorrow i am going for interview at TCS-Mumbai.Please let me know what kind of question are going to be asked.
Expand ctc cheque?
Why we debit expenses and credit incomes ?
Do you know what is icai?
how to upload ledgers in excel or word document
how to pass journal entries for reverse tax on input tax paid
what do you mean by Firm
Explain what qualities and skills make an account manager successful?
Can a firm claim preliminary expenses incurred(manufacturing) or only its is applicable to Companies? can a firm claim ,1/5 of such expenses incurred as deduction as in case of Companies? or any other procedure.
how many invoice types are there in accounting and what is the satutary obligations for each invoices and waht are the basic differences in those invoices.
In South Africa , the current rate for value added tax is ?
