Ask Experts Questions for FREE Help !
Ask
    8090586929's Avatar
    8090586929 Posts: 1, Reputation: 1
    New Member
     
    #1

    Jan 16, 2013, 03:55 AM
    Material in transit
    Procedure for purchase from another city and sale to different city.
    tickle's Avatar
    tickle Posts: 23,796, Reputation: 2674
    Expert
     
    #2

    Jan 16, 2013, 04:31 AM
    If I am reading you correctly, it is called a 'drop ship' whereby you issue a purchase order to whoever, and have it shipped to another address.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

How to account material in transit [ 1 Answers ]

We have purchased material from abroad and the material is in transit as on closing of the financial year (say 31-03-11) but material physically received on 15-04-11. How to show this in books.

Accounting of material in transit [ 2 Answers ]

Kindly tell me how the accounting of material in transit done. Is it add purchase & closing stock and effects in profit of company .


View more questions Search