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what is goods in transit and how to pass an entry
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Answer Posted / sumit kumar
when u purchased goods from creaditor. the entry will be...
Purchase a\c dr.
to creditor a\c
And when goods purchased but not received by buyer yet than
entry will be...
Good Purchased a\c dr.
to good in transit a\c.
| Is This Answer Correct ? | 5 Yes | 9 No |
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