16 June 2014
In Case of export sales Realization for the Purpose of booking of Export sales weather to consider FOB or CIF value?
For Example:- CIF value 500 US$ Freight/ Insurance 50 US$ FOB Value 450 US$
Weather to book 500 US$ or 450$ as Export Sales Realization as per Indian Accounting Standard?? Kindly also Suggest its Respective Accounting Standard.
CAclubindia
