Accounting for Transport Undertakings
In this article we will discuss about the accounting for transport undertakings. Transport Companies are divided into: (a) Railways, (b) Trams and Buses, (c) Roadways, (d) Shipping and (e) Airways. (The first two items have already been dealt with under the head 'Double Account'). Transport Companies carry passengers, goods etc. from one place to another against a nominal fare which [...]