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 / 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 |
Post New Answer View All Answers
Explain me what makes a successful account manager?
One car company raised an invoice of 30k to its customer, which includes car's price and one year service price of 1600 (cost). They work on 25% margin. How much amount will go to Income statement and B/S?
discuss seperate determination concept
Cheque rs 1400 received from Charles in settlement of a debit of rs 1500 returned dishonored
under which accounting rule prepaid salary?
What is your role in planning?
what is consumer product accoutning?
What are the features of financial accounting?
List out the stages of double entry system?
Purchase and sales sahres accounting entry which have stt brokerage and other taxes
What are the steps involved in project implementation?
What accounts are to be debited and credited in this case o
Hi, in Vendor Master i put in defualt data material in purchasing group in sap. now i want to report or list only purchasing group wise vendor only like subcontractor vendor list only how to get this?
Revenue Expenditure
List out some of the examples for liability accounts?