Expenses in Inventory Stock

What are the documents require for the payment?
What are the expenses are made in inventory stock?

Questions by asgarali

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  • Oct 6th, 2008

In making payment for buying stock/goods we need invoice/bill and lorry receipt or bill of lading. If the goods are brought via air transport then airway bill or whatever name it is called by.

And then when you make a payment you need to take receipt. So these are the documents required.

There are no many expenses required in inventory stock.
As far as I have understood the question, the expenses are :

Freight paid if the buyer is supposed to pay freight.
Lorry expenses for bringing goods from dock to warehouse/godown
Coolie charges for unloading the goods
Any toll or other incidental expenses required
And expenses incurred in maintaining stationary of warehouse.

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