Sale on approval

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 June 2010 Where are the sales made subject to approval showed till they are actually approved by the customer?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
08 June 2010 Sales can be recoganised after approval
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Querist : Anonymous

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Querist : Anonymous (Querist)
09 June 2010 My question is how to account them before approval..as goods move out..
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
09 June 2010 you need to keep separate account for Stock under Sale on approval debit that account credit the normal stock account, once the sale approved by the customer debit customer account and credit sales account
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