What is the cost of postage? What account is the freight of purchased materials included in? According to the reasonable flow direction of goods, choosing the appropriate mode of transportation or means of transportation, organizing the transportation of goods, the transportation cost can increase the value of goods, which belongs to the productive circulation cost.
1. If it is the freight of sales, it will be included in the sales expenses:
Debit: sales expenses - Freight
Loan: bank deposit
2. If it is regarded as the cost of assets purchased, it can be included in the cost of assets
(1) If freight is generated for the purchase of fixed assets, then:
Debit: fixed assets (the amount here includes the purchase amount and freight of fixed assets)
Loan: bank deposit
(2) If freight is generated for purchasing inventory, then:
Debit: raw materials / goods in stock (the amount here includes the freight for purchasing inventory)
Loan: bank deposit
What kind of account should I take for the freight paid together with the payment for goods?
1. The freight paid together with the payment for goods should go through the sales expense account;
2. The specific accounting entries are as follows:
Debit: sales expenses - Freight
Loan: bank deposit
3. Sales expenses refer to various expenses incurred by enterprises in the process of selling products, making semi-finished products and providing labor services. It includes the packaging fee, transportation fee, advertising fee, handling fee, insurance fee, commission fee, exhibition fee, rental fee (excluding financial leasing fee) and sales service fee, salary of sales department personnel, employee welfare fee, travel expense, depreciation fee, repair fee, material consumption, amortization of low value consumables and other expenses borne by the enterprise. Travel expenses related to sales shall be included in the sales expenses.
What account is the freight of purchased materials included in?
The local freight of purchased materials is included in the management cost. In general, all necessary and reasonable expenses incurred in material procurement shall be included in the procurement cost of raw materials
First, whether the amount is small and whether it is included in the material procurement cost or not has little impact on the total cost of raw materials; second, these procurement costs are mostly shared expenses, and the workload of accounting included in various materials is too large. Therefore, the above shared procurement costs are generally not included in the material procurement cost but included in the management cost, and are all borne by the current profits and losses.