Dear All Hi,
i want to know about in export sale booking in date of invoice OR Let export date in accounting Entries
thank
rajesh Kumar
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Date booking of export sale as per accounting
Replies (3)
As per AS-9.-
It depends upon the terms. If it is FOB then the sale should be booked when the goods are shipped or say let exprt date. if it is CIF then sale should be booked only after arrival at the destination port.
Sir any act link for that so that I read it
Dear Rajesh kumar,
In point of view
Make the Sales entry on date of export invoice and Shipping bill date given by the custom authority. ( Physically Cargo loaded ) there is no problem that it will be CIF, CI, CF or FOB anything else.
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