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 / khushi
PURCHASE A/C DR. 11000
FREIGHT A/C DR. 6000
DUTY A/C DR. 4500
S. CREDITORS A/C CR. 21500
| Is This Answer Correct ? | 1 Yes | 2 No |
Post New Answer View All Answers
what TYPE OF INVOICE SHOULD RAISE TO C&F agent ?
WE PURCHASED ONE ASSET,HOW CAN WE CALCULATE EXCISE DUTY,VAT,SERVICE TAX?[IN CASE OF SELLING PURPOSE OR OWN PURPOSE].SHALL WE CLIME CREDIT ON THAT?THEN HOW?
Do you know balancing in accounting?
what is one way , two way matching , three way , four way matching ?
a cc. has balance Rs. 8,40,000 at the credit of profit and loss a/c this balance is used for redemption of debentures what will be the entry
Define the term material facts in accounting?
I am a Leaving Cert Student. From Solutions to exam questions etc. I know what to do with the following adjustment but I cannot explain why. A thypical Adjustment is: A building is acquired for €60000 plus VAT at 10%. The amount paid to the Vendor was entered in the Buildings Account. No entry made in the VAT account. Could you explain why the VAT amount is deducted from the VAT amount in the TB? And why it is sometimes an Asset in the BS. Thank you, Mary
what do you consider to be the biggest challenge facing the accounting profession today?
Define trade bills?
What is corporate assesses?
in tally ,professional fees head will come under which income group ,direct or indirect if the business of owner is designing work or related to creativity
payment voucher for advance salary
What is the tds effect in balance sheet if tds receipts?
What is Capital Commitments means?
how can i settle the party ac with cr & dr