Logistics
Customs Duties (Agency Pass-through)
Recording the payment of government duties on behalf of a client.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Due from Client (Customs) | Asset (+) | 5,000.00 | - |
| Cash / Bank | Asset (-) | - | 5,000.00 |
💡 Accountant's Note
Customs clearing agents do not record duties as an expense or revenue. It is a 'Balance Sheet only' transaction because they are just an intermediary for the client.
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