Bayt.com

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

If we transport goods from branch (A) to branch (b) How we record transportation costs?

Accounting Auditing Financial Accounting Economics managerial accounting
user-image
Question added by Hashem Albasha , Accounting Support Adviser , AL Mustwa AL Raqi
Date Posted: 2017/01/17
Upvote (0) Views (10) Followers (2) Answers (2) Report Question
Write an Answer
Register now or log in to answer.
Soliman Abd ALmalak Gendy
by Soliman Abd ALmalak Gendy , مدير ادارة مراقبة حسابات , الجهاز المركزى للمحاسبات

In this cace, the journal entry in rectds B is as it is: Debit inventory Credit Cash

Abdullah Aziz Eldain Morsi Elgendy - CMA Candidate
by Abdullah Aziz Eldain Morsi Elgendy - CMA Candidate , Regional Receivable Accountant , Amiantit Group of Companies

 

Using perpetual system, the journal entry would be as follows:

[Debit]. Inventory  [Credit]. Cash

And, using periodic system would be:

[Debit]. Freight In [Credit]. Cash

 

 

Write Your Answer
More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.

Get Help