Export Sale

This query is : Resolved

PARDEEP SINGH (Querist)
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28 March 2009 We are exporter of utensils we have made invoice dated 31..03.09 but we have filed the shipping bill in april so please tell me in which month i will consider sale.

Thankyou so so much in advance

Laxmi Narayana Sahu

Laxmi Narayana Sahu (Expert)
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28 March 2009 If the Goods mooved from the territorial Water of India within 31.03.2009 that revenue will be recognised as on 31.03.2009 otherwise it will be booked in the next period.

Sanjay Soni

Sanjay Soni (Expert)
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01 April 2009 I do not agree with Laxmi

Nothing to do with the movement of goods from territorial water of India as far as accounting cocept is concerned

Once you made the invoice the revenue is recognised and should be booked as sales in Accounts