Export incentives
This query is : Resolved
karthikeyan.A
(Querist)
16 November 2015
Please can anyone tell me journal entry for export incentive entries .when to recognise the income and loss or profit entry .please clarify duty drawback and exporthe licence both are same or different .9840479900
16 November 2015
Duty drawback and export incentives can be accounted as income immediately on the recognition of sales which entitles the drawback, provided there is a past trend of making such drawback claims and realizing them.
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