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 / 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



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Please describe your experience in inventory reporting & valuation including reconciliation of inventory accounts.

1572


For example for formation of a new company/offshore company you need to show paid up capital of 100K but you don't have 100K you as a director borrow loan of 100K from 3rd party and deposit in the bank as paid up capital and issued shares of 100K in director name. After one week you return back 3rd part loan. What are the entries in the books?

1352


please tell me when co. owner invest money in his family members bank a/c. not any transaction came in business can we do this bank statement in tally ?

1357


Is it compulsary to give TOEFL for applying US visa.

1628


Do you know what is liabilities and what all does include in current liabilities?

572






explain me what steps would you take to increase revenue for this company?

560


Cash bill of sale so the company can deduct the amount.

1607


my company taken a hdfc car loan rs.355493/= but bank received only 347345/= .after received the amount company purchase the car. after that regular emi paid to hdfc bank.

1548


Tell me did you use accounting applications at your previous companies or prefer working manually?

629


Please answer me for the followings 1. i taken an office on January @ rent 28000.00 for one year and i paid 14000.00 as first payment balance will be paid on august. in tally how we post this and under which account especially balance 14000.0 under which account. 2.i have taken a loan from mr. A the amount is 100000.00 on January and the interest i need to pay on march 21000.00 the interest which iam going to pay is liability not a expense and it will be a expense in future, how we can post this also in tally and under which account. please somebody guide me who knows regards niyas es

1343


What are the columns of a journal?

637


Tell me entries to revenues accounts such as service revenues are usually?

3212


please inform me , how to make employee ladger account of salary...please inform me with entry..e.g if we give 14000 salary, as structure we put it half amount in advance and half is salary so in this case how to make entry in employee ledger account...please inform me...both things..Thank You.

4199


List out the stages of double entry system?

614


Can you differentiate public and private accounting?

662