Poonawalla fincorp
Poonawalla fincorp

Accounting entries for export sales

This query is : Resolved 
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(Querist)
17 September 2010 Dear may i know when i should give accounting effect of Export Sales. or tell me deatil accounting for export.
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CMA. Subhash Kumar Jha

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CMA. Subhash Kumar Jha (Expert)
17 September 2010 The date of invoice is the date when you should account for the sale.
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Shiv Narayan Jha

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Shiv Narayan Jha (Querist)
17 September 2010 then what happen if for any reason bill of lading or custom clearance not done.
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CMA. Subhash Kumar Jha

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CMA. Subhash Kumar Jha (Expert)
17 September 2010 If that is the case you need to pass the reversal entry.

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