Custom duty
riddhi (student) (746 Points)
23 June 2016
How to account for custom duty paid plus the product imported from China in Tally and under what head
CA Brijendra Tripathi
(Consultant)
(142 Points)
Replied 23 June 2016
Custom duty paid is Direct Expenditure.
You can club the same with amount of Purchases too.
But for proper accounting treat it as direct expenditure.
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