Sales recognision
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 August 2010
I am experting the goods. At which time I should recognise the sales and which exchange rate will take?
1. As per bill of entry challan
2. Rate as on the date of invoice
3. At the time of exiting from factory
1. As per bill of entry challan
2. Rate as on the date of invoice
3. At the time of exiting from factory
21 August 2010
It would be prudent to account for the revenue against export sales on B/L date or Mate Receipt date.
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