How to prepared incomplete voyage?
Answers
Answered by
0
In order to ascertain the result of operating a ship’s voyage, a Voyage Account is prepared which is nothing but a revenue account or Profit and Loss Account relating to the expenditure incurred and income earned by a vessel for a particular voyage.
A voyage includes both outward and return journey. Each voyage is numbered and separate record is to be maintained for all expenses and charges relating to each voyage together with the freight earned per voyage.
Similar questions