I have a small business and recently been awarded contract to supply petrol.
I buy the petrol at wholesale price from sasol and sell to my customers
I also have a 3rd party that then transport the petrol from sasol refinery to my clients depo (where client takes delivery)
How do i record the transport cost?
Is part of Cost of Sales (can i add it to the sasol cost) as total Cost of Sales? OR Do I record separately under Expenses?