Accounting


Accounting Forum

AccountingCoach.com is the world's largest free online accounting course.


Not signed in (Sign In)

Categories

Vanilla 1.1.7 is a product of Lussumo. More Information: Documentation, Community Support.

Welcome Guest!
Want to take part in these discussions? If you have an account, sign in now.
If you don't have an account, apply for one now.

General Accounting Discussions: how will i treat goods in transit in P&L A/c and balance sheet?

Bottom of Page

1 to 2 of 2

  1.  
    • CommentAuthorrpuzhakkal
    • CommentTimeJul 26th 2009
     
    how will i treat goods in transit in P&L A/c and balance sheet?
    Thankful People: mulalam
    •  
      CommentAuthorania13
    • CommentTimeJul 26th 2009
     
    Goods in transit should be a BS account. It should be listed separately, so that when you do inventory reconciliation (physical to perpetual) you can take that amount out.

    Hope that helps.

    Ania

    PS. if you're looking to grow your business, click here to get a FREE video to learn how to do it through internet marketing.
    http://freevideo-accountants-.im-for.com/index1.php
    Thankful People: mulalam

1 to 2 of 2

  1.  



 

Why AccountingCoach.com?

the accounting coach

AccountingCoach.com is designed to help people without an accounting background easily understand accounting concepts at no cost.


By investing thousands of hours, we have created clear and concise accounting information for both business people and students of all ages.


We understand how difficult accounting can be. That's why we have ensured that each accounting topic includes a clear explanation, reinforcing drills, Q&A, puzzles, dictionary of terms, etc.


Read 1,440 Visitor Testimonials



What's on AccountingCoach.com?