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author's profile photo Former Member
Former Member

fright

what is the entry for the FRIGHT clearing. and what is the entry for the INSURANCE.

PLZ give the information about this one

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  • author's profile photo Former Member
    Former Member
    Posted on Jun 13, 2007 at 04:44 AM

    Ne

    Ne

    Ne

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  • author's profile photo Former Member
    Former Member
    Posted on Jun 13, 2007 at 06:38 AM

    Entry for Freight clearing is same as goods clearing. Like if you are posting GRN for goods as well as planned delivery costs (PDC) the entry is same

    Stock Accnt .............................Dr.

    Freight Expenses Accnt.............Dr.

    To GRIR Clrng (Goods)

    To GRIR Clrng (Freight/PDC)

    at the time of invoice posting ie MIRO if u r bookin invoice for PDC only the entry will be

    GRIR Clrng (Freight/PDC)..........Dr.

    To Freight Vendor A/c

    If Insurance costs are maintained as conditions in your PO. the same logic can be applied to insurance costs also.

    Regards,

    Swapnil

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