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C & F Agent stands for Clearing and Forwarding Agent. They are responsible for handling clearing (customs clearance) and forwarding (transportation) activities for goods being imported or exported. These agents help ensure smooth movement of goods through the supply chain.
Cairo is a city in Egypt. It begins with the letter c.
Abnormal loss of goods a/c dr. To purchases a/c
Cleopatra was a queen of egypt.
Purchase a/c Dr Input vat a/c Dr To Party a/c (Being goods purchased on credit from supplier/creditor.)
Dr goods lost in transit a/c Cr purchase a/c
Charity A/c...... dr To Goods given in charity A/c
Egypt is chaotic and combustible. Egypt is charming.
You [C] order from a supplier [B] but the goods are notsent from them but their supplier [A] -so goods sent from A to C directlyrather than from A to B then B to C
Egypt is combustible. The situation in Egypt is tenuous.
She was the Queen of Egypt and she helped people everywhere in Egypt with everything...
I was look for the answer to this very same question! And I found it: "Customs duty comes in two types: Import Duty & Export Duty. Duty paid on goods imported from Abroad is known as Import Duty and is debited to the Trading A/c but Duty paid on goods exported expense connected with sales, is debited to profit and loss account, so import duty on goods purchased from abroad is a direct expense and export duty on goods sold is indirect expense."