Question

does import goes in trading account​

Answer 1

Answer:

I think no, it might be wrong so check it on Google

Answer 2

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==> Yes is the answer...✅

Firstly...

We have to know that.

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↪️ If the goods are imported from foreign country to india, "Then Custom Duty, Import Duty, Dock Dues are required to be paid."

↪️ As they related to purchases They are debited to TRADING ACCOUNT

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