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1 % landing charges on import purchases


14 June 2016 what is the accounting treatment of 1%landing charges in case of import purchases? if it is included in purchases, can it be sent to exchange fluctuation a/c along with actual exchange fluctuation? if not suggest me the correct treatment..

14 June 2016 it related to the material then its part of purchase cost of material.

14 June 2016 in case if it is included in purchases, then what about the balance in creditor a/c after payment?




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