Accountancy, asked by shabanachhawniwala, 8 months ago

what is demurrage account

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Answered by patel4536

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Answered by Anonymous

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$money that has to be paid when a \\ chartered (= rented) ship is used for \\ longer than agreed, or when goods \\ are collected later than the agreed \\ time after being taken off a \\ chartered ship. (Definition \\ of demurrage from the Cambridge \\ Business English Dictionary © \\ Cambridge University Press)$

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