Interested to Buy Any Domain ? << Click Here >> for more details...
how i will pass the journal entry for the shipping charges
- 1 Answers
- 9162 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
What would be journal entry for--Encashed a bank draft belonging to X? Ans as given in textbook is Bank account debit to Cash account credit.......But shouldnt it be Cash account debit to Bank account credit...Wat do u guys feel??And do explain ur answers..Thnx in advance
Pls let me know Job profile for Account Manager.
Define overhead in terms of accounting?
What is batch input? why we use batch input session in SAP(FICO)?
What are the features of financial accounting?
What are the different branches of accounting?
Differentiate public and private accounting?
How the MIS format made up in XL.
Horizontal balance sheet versus Vertical balance sheet
What is book profit? How it was calculated
When we received payment from creditors
Q1.How depreciation deffer from depletion? Q2.show the main benefit from calculating and recording depreciation.
what is the limit of cash payment in a manufacturing firm and job work related work and how much we paid to the job worker cash payment in financial year Aslam
What and How to compute an unsecured balances?
In 3 way match.....Order qty is 100 and received 90 and 10 got rejected. But the supplier sent an invoice for 100 qty. what are the steps we need to take in SAP. Whether we need to reject the invoice or process with the 90 qty .please explain with real time.
