1 % landing charges on import purchases
This query is : Open
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..
Rupesh Jain
(Expert)
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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