banner_ad

Sale Incentive booking

This query is : Resolved 
Profile Image

Profile Image

(Querist)
20 April 2026 We supply good from India to UAE based customer on 5% incentive/Promo (off invoice) basis on sale. we Supply goods on Jan 26 and customer raise the incentive invoice in Feb 26 but now in April 26 want to book exp in our tally. please help what exchange rate we should take.
Sale Invoice date se
Expese Invoice date se
ye booking date se
Profile Image

Aashok Kumar Sharma online

Profile Image

Aashok Kumar Sharma online (Expert)
20 April 2026 Since the incentive invoice was raised on 26 Feb, the expense/liability should normally be initially booked at the exchange rate prevailing on 26 Feb, even if entry is passed in Tally in April. April date is only the delayed booking date, not the transaction date. If this incentive is a post-sale discount linked to the original export, treat it as sales adjustment/rebate; if it is for a separate service, treat it as expense. In both cases, initial recognition should generally be at the rate on invoice/transaction date, with later forex difference booked separately if applicable.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


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
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
06 May 2026
Account Assistant / Article Clerk

V.K. Ranjan & Co(Chartered Accountants)

New Delhi

B.Com

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
08 May 2026
CHARTERED ACCOUNTANT

SHAH LADHA AND ASSOCIATE

Ahmedabad

CA

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
03 May 2026
Senior Chartered Accountant

Nirmal Jain & Co

New Delhi

CA

View Details