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
Apportionment of expenses
How can pass reverse entry to close the account. If the Asset sides is greater then liabilities side and vice versa, then what can I do.
What is cost accountancy? What are the objects of cost accountancy?
Tell me how much statistics knowledge is necessary or required in accounting?
Cash bill of sale so the company can deduct the amount.
what is payment written
How we will dabit profit & Loss a/c in tally because profit & Loss a/c is tally generated a/c. we have to make provision for tax.
Explain what are the rules for debit and credit for different accounts to increase the amount in your business accounts?
how much cash transaction to single transport company per day and also per year
Do you know marginal cost?
if we have provision for bad debts and RDD then on which amount we have to calculate RDD original or deducted?
why accounting is important in business?
Have you ever made mis reports and what are they?
What is the difference in accounting and marketing?
Explain me some of the examples for liability accounts?