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Voyage Account

Theory of Voyage Account

Advance Financial Accounting (B.com)

Q. What is Bunker cost?
Ans. It refers to the amount spent on fuel, coal, derrick & fresh water used for the purpose of voyage.

Q. What is freight?
Ans. These charges are paid to port authority for allowing the ship to use port for londing and unloading of cargo.

Q. What is Stevedoring Charges?
Ans. This charge are paid for loading and unloading of cargo on and from the ship.

Q. What is Passage Money?
Ans. The fright earned are sometime supplemented by passage money in respect of passenger carrying.

Q. What is Primage?
Ans. It is an additional freight just like sub-charge on freight originally collected from the captain of the ship. Now a days it is treated as income of shipment company.

Q. What is Voyage in Progress?
Ans. A part of the voyage which is incomplete at the end of accounting period is known as voyage in progress.


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