Accountancy, asked by jangidkareena2003, 1 day ago

write a notes on goods in transit????​

Answers

Answered by p963096
1

Answer:

Goods in transit refers to merchandise and other types of inventory that have left the shipping dock of the seller, but not yet reached the receiving dock of the buyer. The concept is used to indicate whether the buyer or seller of goods has taken possession, and who is paying for transport.

Answered by sshristi9430
0

Explanation:

Goods in transit refers to merchandise and other types of inventory that have left the shipping dock of the seller, but not yet reached the receiving dock of the buyer. The concept is used to indicate whether the buyer or seller of goods has taken possession, and who is paying for transport.

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