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 Posted / harsukh vaja

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 ?    33 Yes 19 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is a ledger in regards to accounting?

650


what is service tax & excise? How will it be charged?

607


What is the definition of manual accounting?

739


'Talk me through an example of how you have used data to improve your teams productivity.'

2040


Do you know retail banking?

738






I have 4 four category of emplies say Admn/Markting/Procurment/Production and the employees of thee category have there bank accounts in 5 or six different banks. How can i generate Payroll advice for the employees having account in A Or B OR C Or D falling under above category

1557


Can CPF share given by govt. added in the Financial gross salary while calculating Total gross salary at the end of Financial year.For eg: My gross salary is Rs.X during a Fin. year & govt share of CPF is Y then Total Fin. Year gross salary is =X+Y,is it correct?

1808


Cost Accounting

1672


WHAT IS OPERATING CYCLE?

2346


Differentiate between provision and reserve?

650


Explain me what makes a successful account manager?

621


what is the process of cenvat credit taken in service tax( in direct & indirect service)

2750


Were i have to enter for agreements in tally and in which ledger it will come

1216


what is current rate of excies duty for a manufacturing company?

1611


if at the end of the year cash book is showing debit balance whether it is meant that cash is not deposited after deducting expenses in bank and it is in hand and we should deposit in next year

1466