How to pass entry for fllowing instance in tally or journal
Imported goods worth Rs.17,000/-.Invoice value is Rs.17000/-
(its incl. Rs.6,000/- freight), duty for this is Rs.4500/-
(its seperate).Kindly tel me how to pass entry for the
Duty and freight both will be part of imported goods.
(Since the question does not clear the nature of duty in
what section under the custom act whether credit are
permissible or not hence entry will be,
Purchase (items) a/c (17000+4500) Dr. 21500
To Creditors or Bank A/c 21500.
A is vendor of B. B owes him 50000/-. A asked B to conduct
an event on his behalf and the expenses incurred by B was
25000/-. A issued a credit note in favour of B in full ,
stating that TDS done @10% on 25000/-. Now , B has to settle
1.Entries in the books of B
2.How much B repaid to A for settlement and the Entry in his
we are going to purchase a new office/gala . we are using
tally software. in above transction we have to pay stamp
duty,ragistration fees etc. my question is uder which heads
i enterd above exp in tally.