Question

Purchased goods for Ramesh and company by cheque 60000 and paid carriage there on 750 in cash wht is the journal entry

Answer 1

When it is carriage inward then then the cost is direct and therefore the journal entry will be something like carriage inward A/C dr and then we have to input the trading A/C.

If the carriage is somehow outward then the direct cost and the journal entry will something be like carriage outward A/C Dr and to profit and loss A/C.