we have purchased goods from xyz limted @ 50,000 , paid cst @ 10%, paid freight inward 100. now how will i pass a combine entry in tally 7.2 please help me i m soo confused in it.
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Difficult tally entry
Replies (5)
Cst & inward freight(if charged in invoice) are the cost purchase so it is added to purchase a/c. hence the following entry will passed:
purchase a/c
dr. With cost of material + cst + freight
&
to creditor a\c with total of invoice. For any further assistance call me 9359056719
Purchase a/c Dr 50000
CST @ 10% 5000
Freight 100
To Creditor for purchases 55100
OR
Purchase a/c dr 55100
to Creditor 55100
(in narration: The above value includes cst Rs.5000 & freight Rs.100)
thats it :)
PURCHASE GOODS A/C DR ...................................50000
CST 10% A/C DR.........................................................5000
FREIGHT INWARD A/C DR.........................................100
TO XYZ A/C LTD., 55100
| Originally posted by : Umesh Chand Pandey | ||
 |
PURCHASE GOODS A/C DR ...................................50000 CST 10% A/C DR.........................................................5000 FREIGHT INWARD A/C DR.........................................100 TO XYZ A/C LTD., 55100 |
 |
hello friend, Akash told that freight has been paid and cost to be added to the value of goods
so the entry shud be
Purchase a/c dt 50000
cst a/c 5000
freight inwards 100
to xyza/c 55000
to cash 100.
add the cst amount to purchase amount
so, entry will be passed as:
Purchase a/c .... Dr.
Freight Inward A/c... Dr.
To Creditor A/c
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