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entry for custom duty and concor charges (Accounts)

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This query is : Open

( Querist )
20 February 2010

purchase 2000000
custom duty 500000
concor chgs. 40000

purchase a/c DR.2000000
custom duty a/c DR. 500000
concor chgs. DR. 40000

To party a/c 2040000
To custom duty payable 500000

purchase a/c DR. 2540000
To party 2040000
To custom payable 500000

which entry should we do or which is more appropriate entry for preparation of trading a/c ?

custom and concor charges debited to purchase a/c or should we shown separately as direct exps. in trading a/c



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