Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Total Value of Shipment : BP 100,000 Date of Shipment : Feb 1/2021 Domestic freight = 1000 Domestic Insurance= 2000 Domestic packaging = 1000 Selling

Total Value of Shipment : BP 100,000

Date of Shipment : Feb 1/2021

Domestic freight = 1000

Domestic Insurance= 2000

Domestic packaging = 1000

Selling Commission = 2000

Buying Commission = 3000

International Freight = 3000

International Insurance = 1000

Domestic Loading and Unloading = 2000

Special Packing = 1000

Opening letter of credit = 1000

Confirming letter of credit changes = 1000

Rate of Customs Duty : 10%

Rate of GST : 5%

What is the value for currency conversion?

What is the Value for Duty?

What is the Amount of Custom Duty?

What is the Value for Tax?

What is the Amount of GST?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: J. David Spiceland, Wayne Thomas, Don Herrmann

3rd edition

978-0078025549