Dear Sir / Madam
I am selling goods outside country but my Incoterm is DAP then what will be the date of Export Sale ? ie LEO date or delivery date of goods to buyer.
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Export Sale as per Accounting standard
Replies (2)
LEO Date will be the date of export sale
Academically, export sales shall be recognized as revenue as per AS 9 when Significant risks and rewards are transferred to the buyer.
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