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 Accounting General interview questions  Accounting General Interview Questions (2781)
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Question
How to pass entry for fllowing instance in tally or journal 
entry:
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 
above?
 Question Submitted By :: Raykar
I also faced this Question!!     Rank Answer Posted By  
 
  Re: How to pass entry for fllowing instance in tally or journal entry: 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 above?
Answer
# 1
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.
 
Is This Answer Correct ?    19 Yes 15 No
Pradeep
 
  Re: How to pass entry for fllowing instance in tally or journal entry: 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 above?
Answer
# 2
Purchase A/C or Stock A/C Dr 21,500/-
To Creditors A/C or Bank A/C 11,000/-
To Freight A/C 6,000/-
To Duty A/C 4,500/-

Being Goods Purchased worth 11k + 6k Freight and Duty paid
is 4,500/-
 
Is This Answer Correct ?    19 Yes 6 No
Harsukh Vaja
 
 
 
  Re: How to pass entry for fllowing instance in tally or journal entry: 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 above?
Answer
# 3
purchase a/c dr. 11000
freight a/c dr.6000
duty exp a/c dr. 4500
TO S.CREDITORS A/C 11000
To bank a/c 11500
 
Is This Answer Correct ?    6 Yes 9 No
Manoj Thakur
 
  Re: How to pass entry for fllowing instance in tally or journal entry: 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 above?
Answer
# 4
purchase a/c dr.11000
freight a/c dr.6000
duty exp a/c dr.4500
To s. creditors 11000
To bank a/c 10500
 
Is This Answer Correct ?    4 Yes 3 No
Manoj
 
  Re: How to pass entry for fllowing instance in tally or journal entry: 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 above?
Answer
# 5
POURCHASE A/C DR. 11000
FREIGHT A/C DR. 6000
IMPORT DUTY A/C DR. 4500
TO SUNDRY CREDITOR A/C 21500
 
Is This Answer Correct ?    3 Yes 4 No
Manish Yadav
 
  Re: How to pass entry for fllowing instance in tally or journal entry: 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 above?
Answer
# 6
purchase account Dr.17000
custom Duty account Dr.45oo
To S.Creditors account 17ooo
To Bank account 45oo

(Beieng goods imported and duty paid )
 
Is This Answer Correct ?    1 Yes 2 No
Manoj Kumar
 
  Re: How to pass entry for fllowing instance in tally or journal entry: 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 above?
Answer
# 7
BY import goods dr 21500
TO FRIEGHT cHG. 6000
TO EXICE 4500
TO PARTY a/C
 
Is This Answer Correct ?    1 Yes 3 No
Karan
 
  Re: How to pass entry for fllowing instance in tally or journal entry: 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 above?
Answer
# 8
Purchase a/c Dr 11000
Freight a/c Dr 6000
Custom duty a/c Dr 4500
to party a/c 17000
to Bank/cash 4500

(Being goods Purchase and Paid Duty for separate)
 
Is This Answer Correct ?    7 Yes 1 No
Ishwar Singh Ranawat
 
  Re: How to pass entry for fllowing instance in tally or journal entry: 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 above?
Answer
# 9
Purchase A/C Dr 21500
To Cash Account 21500

(Being amount paid for the purchasing
of goods worth Rs. 17000 (a) and duty
charges for the particular purchase is
Rs. 4500 (b). i.e., a+b=total amount
17000+4500=21500)
 
Is This Answer Correct ?    1 Yes 1 No
Vasuki
 
  Re: How to pass entry for fllowing instance in tally or journal entry: 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 above?
Answer
# 10
Purchase A/c (Stock A/c) Dr. 27,500/-
To Party A/c 17,000/-
TO (Direct Exps) 10,500/- (Fright=6000+Duty=4500)
(Being Bill Booked towards Goods Import.)

Party Ac Dr. 17,000/-
Direct Exps Dr. 10,500/-
To Bank 27,500/-
(Being Amt paid towards import of goods)
 
Is This Answer Correct ?    3 Yes 2 No
Parshuram Warik
 

 
 
 
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