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 / 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 |
Post New Answer View All Answers
Why an Expenditure is called Differed?
we are a trading company providing devices and some times after sales service. when any defect came we just replace the hardware from another defective device and getting the payment from the customer. how can we account that? is there any tax implications for this?
explain circumstances under which dissolution of solvent and insolvent partners are applicable using garners v/s murray rule
What are the 4 phases accounting?
When Start Service Tax Deducted? How Many Percent is deduct? Service Tax deposited Date in Current 2011.
What entry to be passed for Duty draw back as receivable
How did you chose your university?
what is the journal entry can be passed for an opening balance (bank, fixed asset, provisions)to the new software
How is scrap value calculated?
a.what products does your firm produce? b.what costs are asssigned to the product produced? c.for particular product,what direct materials are used? d.what percentage of total manufactoring costs is direct labor? direct materials?overhead? e.how is overhead assigned to the products? f.do you now use or plane to use an activity_based management system?why or why not?
If A Company pays amount thru bank for a supplier deducting tds on behalf of B company. Accounting entries to be made in company A and B
WHERE WE CAN USE VAT 5%,14.5%
How Can We Differ Horizental & Vertical Balace Sheet? Explain.
Re: CST RATE IS 1 % IF C FORM IS RECEIVABLE. IF C FORM IS NOT RECEIVED FULL AMOUNT WHAT WILL BE THE RATE OF CST
Role-specific management accountant job interview questions: