Revenue recognistion for Export Sales


29 December 2010 Hi,

Can any one tell me when to recognise revenue in case of FOB & CIF export sales ?

Pls reply urgently.

Kinjal Shah

31 December 2010 in case of sale of goods the revenue is recognised when properity in the goods is transfered to buyer in case of export sales it shall be the time Bill of lending.

31 December 2010 Hi,

Thnaks for the info.

Can any one give me detail explanation for this?


03 January 2011 Free on Board - revenue recognized as soon as the goods leave factory gate (i mean handed over to the courier of transporter of cutomer)

CIF (Custom, Insurance Freight) - revenue recognized at the time of devlivery of goods at the factory gate or at the port (export) etc.

Hope it clarifies.



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