Question

import duty is reacorded on debit side of
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Answer 1

Answer:

In case of goods imported from abroad, import duty, customs duty or dock charges etc. have to paid. Since these are related to purchase of goods for resale purposes, these expenses are shown in the debit side of the Trading Account.

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Answer 2

Answer:

Debit side of Trading Account

Explanation:

In case of goods imported from abroad is recorded in the debit side of Trading Account.

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