Entry for import of goods
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 August 2012
what entry should i pass for import of raw materialand machinery fro japan??and what will be the entry for payment??
Guest
Guest
(Expert)
15 September 2012
For Import of Materials & Machinery:
Purchase/ Machinery A/c Dr
To Creditor A/c
On payment:
Creditor A/c Dr
To Bank a/c
Purchase/ Machinery A/c Dr
To Creditor A/c
On payment:
Creditor A/c Dr
To Bank a/c
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Sale of property furniture sale
- RCM INVOICING FROM NOV-2024
- Tds on building rent monthly
- Darpan registration
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
