Matching concept

This query is : Resolved

Viral (Querist)
Follow

03 December 2014 Under AS-9, I have reversed my Sales of current month as the same has not reached the parties.now the Question what about the freight expense which I have already incurred as the material is already dispatched by me.

Should I show the incurred freight expense as Prepaid freight and book the expense in the next month in which the sales in realized.

OR

Should the freight be booked in the month of dispatch.

Please give relevant provision or AS on the base of which you are suggesting the solutions

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

03 December 2014 better u book sales and make a provision for loss of such sales and also book frieght exp.this is as per as9

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

shobi H

P.S.Satya narayana

SARAVANAN PALANISAMY

tsrandcompany@gmail.com

nandeesh mashyal

Subscribe Now

Matching concept

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

CA Final

Senior Executive

Accountant

Manager- Finance and Compliance

GST CONSULTANCY

GST CONSULTANT