Recognition of purchase
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 January 2015
Dear Experts, What should be the exact date for recognizing the purchases?
Date of Invoice
Date of Receipt of Goods
Date of transfer of risk & reward from seller to purchaser.
and is their any sort of rules or laws which governs these kind of treatment?
Date of Invoice
Date of Receipt of Goods
Date of transfer of risk & reward from seller to purchaser.
and is their any sort of rules or laws which governs these kind of treatment?
CA R SEETHARAMAN
(Expert)
02 January 2015
It is the date of transfer of risk & rewards from seller to purchaser.
Sale of goods Act applicable.
Sale of goods Act applicable.
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