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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?

Answers were Sorted based on User's Feedback



How to pass entry for fllowing instance in tally or journal entry: Imported goods worth Rs.17,000..

Answer / 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

How to pass entry for fllowing instance in tally or journal entry: Imported goods worth Rs.17,000..

Answer / ishwar singh ranawat

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 ?    15 Yes 4 No

How to pass entry for fllowing instance in tally or journal entry: Imported goods worth Rs.17,000..

Answer / pradeep

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 ?    26 Yes 18 No

How to pass entry for fllowing instance in tally or journal entry: Imported goods worth Rs.17,000..

Answer / karthik

Import purchase a/c 21500 (dr)
To, import creditors a/c 17000 (cr)
To, customs duety a/c 4500 (cr)

Is This Answer Correct ?    1 Yes 0 No

How to pass entry for fllowing instance in tally or journal entry: Imported goods worth Rs.17,000..

Answer / manoj kumar

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 ?    3 Yes 3 No

How to pass entry for fllowing instance in tally or journal entry: Imported goods worth Rs.17,000..

Answer / manish yadav

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 ?    6 Yes 6 No

How to pass entry for fllowing instance in tally or journal entry: Imported goods worth Rs.17,000..

Answer / parshuram warik

Purchase a/c Dr. 17000/-
To Party a/c Cr. 17000/- (Including frieght chrges. Rs.
6000/-)
(Being bill booked towards Goods Imported included frieght
Charges)

Party A/c Dr. 11000/-
To Bank A/c.
(Being amt paid for Import of goods)

Duty Charges A/c Dr. 4500/- (Under Indirect Exps)
To Party A/c Cr. 4500/-
(Being Bill booked towards Duty Charges for Import)

Party A/c Dr.
To Bank A/c Cr. 4500/-
(Being Duty Charges Paid for import of goods)

Is This Answer Correct ?    2 Yes 2 No

How to pass entry for fllowing instance in tally or journal entry: Imported goods worth Rs.17,000..

Answer / karan

BY import goods dr 21500
TO FRIEGHT cHG. 6000
TO EXICE 4500
TO PARTY a/C

Is This Answer Correct ?    2 Yes 3 No

How to pass entry for fllowing instance in tally or journal entry: Imported goods worth Rs.17,000..

Answer / vasuki

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 ?    2 Yes 3 No

How to pass entry for fllowing instance in tally or journal entry: Imported goods worth Rs.17,000..

Answer / parshuram warik

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 4 No

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