Sale of Goods on Approval or Return Basis
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 October 2010
what is "Sale of Goods on Approval or Return Basis"
19 October 2010
in order to market their products some companies use this system
Under this system first the company sends the goods to customer on the condition that you need to intimate us whether u will like to take those goods or not. if not please return the goods
accounting treatment
income is recognised only when u get the acceptence from customer
suppose at the end of the period if the stock lies at the customer then we will consider it as CLOSING STOCK
Under this system first the company sends the goods to customer on the condition that you need to intimate us whether u will like to take those goods or not. if not please return the goods
accounting treatment
income is recognised only when u get the acceptence from customer
suppose at the end of the period if the stock lies at the customer then we will consider it as CLOSING STOCK
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- GST ON EXPORT COMMISSION
- RCM INVOICING FROM NOV-2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- ITC EXCESS CLAIM + RCM NOT PAID...BOTH FOR FY 2020-21......PAID IN FY 2024-25....EFFECT
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
