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Question: 136 of 185

How to account freight cost, handling charges,purchase tax at the time of raising a Purchase Order?

For example:

Item to be procured= A

Quantity to be procured= 10

Unit Rate= 100

Inward freight cost for 10 quantity (known at the time of raising PO )= Rs. 1000

Handling Charges= Rs. 500

Input Tax = @ 10% (on base price)

Asked by: Interview Candidate | Asked on: Mar 7th, 2007
Showing Answers 1 - 1 of 1 Answers

Answered On : Mar 13th, 2007

First you create new tax name i.e. Freght Charges, Handling Charges, Tax Rates created these tax name & attached these tax name while creating PO. Means PO will generate with Basic + Tax + Freight + Insurance etc....

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