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General Commerce Discussion

Posted on Feb 16, 2016 11:47 AM

If I purchase raw-material and I paid rs.200 for its transportation to my warehouse. I need to make entry of 200 rs. in which account while preparing final accounts ?


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It will be shown in trading side as freight of rs. 200

I think it will be debited in Trading Account.

Journal entry will bentrading account Dr.nTo carriage inward Ac

Trading account debit side in carriage inword account.