February 2023 1 62 Report
9. For import of Gypsum (raw material) from overseas CGR price : usd 25.00 / MT. Qty : 10.000 MT.
Payment term : 4C at sight
Date : 30 June 2013 as ship leaves loading part Qty on B/L : 9.500 MT.
Date : 15 July 2013 as good receive by factory. Actual Qty factory receives : 9.800 MT.
What will be the journal entries on 30 June 2013 if by perpetual inventory system? And later on 15 July 2013, what will be the journal entries if by perpetual inventory system?

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