Accounting entry of custom duty

This query is : Resolved 

22 July 2011

Dear All,

1.We have import material from Italy. when the material arrived at Mumabi port we paid Advacne Custome duty to Commisioner of Custom. i wan to know how to pass that entry in tally.

i have pass payment entry like

Comm of Custom a/c--------------100 DR under current assets

To Bank A/c ---------------------------- 100 CR

2. second is we received bill of leading copies and vendor invocie there r also custom duty. i want know how to knokout both custom duty.

genrally we pass vendor entry.

Venodr A/c ------------200Cr

Goods A/c ------------- 100DR

Custom Duty-----------100 DR current assests.

3rd entry is

. Custom duty a/c --------DR 100

Commisioner OF Custom -------cr 100

but in this case some where in custome duty remian debit balance .pls tell me where i should heat the custom duty

how will pass the entry in tally.
and also give me the Group like ( Cuurent Assest or CL)

22 July 2011


You need to be the querist or approved CAclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

close x
Download GST App    |    x