Logistics
DDP Sale (Duty Paid Recognition)
Recording a sale under 'Delivered Duty Paid' where the seller is responsible for import taxes.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Accounts Receivable | Asset (+) | 1,160.00 | - |
| Sales Revenue | Revenue (+) | - | 1,000.00 |
| Import Duty Expense | Expense (+) | 160.00 | - |
💡 Accountant's Note
In DDP shipments, the logistics provider (or seller) absorbs the tax. Unlike a pass-through, the duty is a direct operating expense of the sale.
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