Accounting entry for imported purchase by traders

3198 views 1 replies

Which entry should be passed for Imported Goods by the Traders in His books of Accounts

How should we treat the Cost , Insurance , Freight  , Custom Duties and Other expenses in the Books of Accounts

How this entry should be Passed in Tally

Please help

 

Thanks

Abbas

Replies (1)

 

Pass normal purchase entry. There is no need to bifurcate the purchase price into freight and insurance.
 
Purchase A/c      Dr.
  To Sundry Creditors A/c.
(Being goods imported)
 
 
Regards,
Devendra Kulkarni

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 24 June 2026
HEAD - AUDIT AND TAXATION

A R JADHAV AND ASSOCIATES

Mumbai

CA Inter

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details