As-9
This query is : Resolved
08 June 2016
Dear All,
Suppose a company manufactured a machine and delivered it to its buyer by truck on 31-3-16 and it reached to buyer as on 15-4-16.As per the instruction of buyer the said machine to be delivered at the door of the buyer.
My question is whether as per AS-9 can the seller book it as a sale or not in its books of accounts.
Another question is if a machine is kept ready by the buyer but due to road problem the said machine was not delivered to the buyer.Can the company book it as a revenue or not.
Please answer it with proper supporting.
Thanking You
Suppose a company manufactured a machine and delivered it to its buyer by truck on 31-3-16 and it reached to buyer as on 15-4-16.As per the instruction of buyer the said machine to be delivered at the door of the buyer.
My question is whether as per AS-9 can the seller book it as a sale or not in its books of accounts.
Another question is if a machine is kept ready by the buyer but due to road problem the said machine was not delivered to the buyer.Can the company book it as a revenue or not.
Please answer it with proper supporting.
Thanking You
08 June 2016
the terms of sale agreement as to the delivery will play an important role.
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