in which year sales is recognised of sale of goods on approval basis
on delivery of goods
or on approval of sale
If at first delivered on delivery challan, you have option to consider sell on approval.
Atharv Sankliya (1323 Points)
29 October 2022
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(166681 Points)
Replied 29 October 2022
If at first delivered on delivery challan, you have option to consider sell on approval.
Yasaswi Gomes new
(Finance )
(4492 Points)
Replied 29 October 2022
Even the revenye recognituon xinceys the same. Rwalised revenue or else accruals. Tje perfonace 9blogation is the key to every transaction.
Atharv Sankliya
(1323 Points)
Replied 29 October 2022
sabyasachi mukherjee
(27117 Points)
Replied 30 October 2022
Yasaswi Gomes new
(Finance )
(4492 Points)
Replied 31 October 2022
What software? Global settings define 16 months to record and manipulate older quarter.
Yasaswi Gomes new
(Finance )
(4492 Points)
Replied 31 October 2022
I forgot to ask all prominent CA's here why does india operate in a non calendar year? I know why india lives heavily on taxes and it cant survive 9 months (till december) to collect taxes as per global years or calender years. India cant heavily rely on filings. They must have a strategy to cushion themselves. Crap sometimes my internet gets stuck and even my ipad doesnt work while blogging. I get tired to answer questions because keystrokes make errors.
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
