Question

what is the journal entry if-#cartage is charged on fixed asstes ?

Answer 1

The cartage charged on fixed asset is added to the amount of fixed asset. There is no separate journal entry passed for cartage paid on fixed asset. The amount of cartage is added to the cost of fixed assets acquired or purchased.

The journal entry for purchase of furniture including the cartage paid is:

Furniture A/c Dr.

To Cash A/c/Bank A/c

(This would be passed with amount including Cartage)