Question

If the goods purchases are in transit, then the journal entry to record will be _______________.

• A. Purchase A/c Dr.
  To Supplier's A/c
• B. Goods-in-transit A/c Dr.
  To Purchase A/c
• C. Goods-in-transit A/c Dr.
  To Supplier's A/c
• D. Supplier's A'c Dr.
  To Goods-in-transit

Answer 1

Answer: (C)

Goods-in-transit A/c Dr.

To Supplier's A/c
Goods-in-transit A/c Dr.
To Supplier's A/c