26 November 2009
Export sales is accounted in accordance wuth the provision of AS-9 when the risks and rewards pertaining to such sale is transferred. If the goods are sold FOB and all the risk for the goods are passed on the movement the goods are loaded on the vessel, the sale shall be accounted on delievery. If the goods are CIF and the risk remains with the seller till the buyer receives the goods, the same shall be accounted when the confirmation is received from the buyer.
Give the full form of ARE. I am not able to recollect.
26 November 2009
ARE-1 IS A FORM WHICH WE HAVE TO SUBMITTED AT THE TIME OF EXPORT AND ITS STATES THE EXISCE DETAILS AND JURISDICTION DETAILS AND DETAILS OF ITEMS EXPORTED AND ITS STUFFING AND SEALING DETAILS. YOU CAN SEARCH THE ARE-1 FORMAT FORM GOOGLE. AND ITS HAVE TO BE MADE IN 4 OR 5 COPIES WITH DIFFERENT COLORS MARKING.
27 November 2009
Thanks but from your ans I am not able to understand whole export accounting process and reporting. So pls give me a link from where I can download a guide for Export Accounting and Reporting.
Dear Zainul can you give me your email ID I am an SAP FICO Consultant
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