banner_ad

Revenue recognition of import purchases

This query is : Resolved 
Profile Image

Profile Image

(Querist)
25 July 2016 hello sir,

one of my client engaged in manufacturing of Cosmetics product, purchases raw material from itely and take custom rate for recongition.

but as per AS-11 rate specified for recongition is spot rate or average rate.

what is the actual treatment for recongnition. and what compay do further after recongnition
if spot rate follows then which date rate taken for recongition. good enter into india or if customer received good date.???
Profile Image

Amol S Joglekar

Profile Image

Amol S Joglekar (Expert)
25 July 2016 The actual rate can be taken as the VALUE. What is the problem?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details