Purchase entry in tally
This query is : Resolved
19 December 2012
Hello,
In our company, we purchase fruit and we pay the amount for purchases later on credit basis but, we pay the freight, the expenses of which is borne by the seller, and while making the payment we deduct the freight amount and make the payment. So please guide me how it will affect in tally.Please explain me with example.
Thank you
In our company, we purchase fruit and we pay the amount for purchases later on credit basis but, we pay the freight, the expenses of which is borne by the seller, and while making the payment we deduct the freight amount and make the payment. So please guide me how it will affect in tally.Please explain me with example.
Thank you
19 December 2012
better raise a debit note for frieght, so there is no issues for sales tax purpose.
purchase Dr. 100 creditor cr. 100.
frieght dr. 10 cash cr. 10
creditor dr. 10 freight cr. 10
creditor dr. 90 cash cr. 90
purchase Dr. 100 creditor cr. 100.
frieght dr. 10 cash cr. 10
creditor dr. 10 freight cr. 10
creditor dr. 90 cash cr. 90
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