HELLO FRIENDS, PLS. HELP IN PASSING THE ENTRY.
A PERSON MAKES ADAVANCE PAYMENT ON 01/3/2011 RS.100000 FOR IMPORT AND RECEIVES THE GOODS ON PORT ON 15/03/2011.
HE PAYS THE IMPORT DUTY RS. 60000 ON 20/03/2011.
OCEAN FREIGHT AND OTHER BILLS DATED 22/03/2011 RECEIVED BY HIM BUT HE MAKES THE PAYMENT RS. 25000 IN APRIL 2011.
POSTAGE CHARGES PAID RS. 5500 ON 25/03/2011.
PLS. HELP ME IN PASSING THE JOURNAL ENTRY.
IS ALL EXPENSES DEBITED TO PURCHASES ACCOUNT AND ON WHICH DATES.
WHETHER TO SHOW FREIGHT PAYABLE IN BOOKS.
PLS. HELP ME.
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