Sales recognition as per ind as 115

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97 Points Posted on 26 March 2021
when should we recognise sales in our books of accounts for exporting company.
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On 26 March 2021 at 16:00 Report
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This discussion clarifies when an exporting company should recognise sales according to Ind AS 115. While receiving the full amount might seem intuitive, the standard dictates that sales should be recognised when control over the asset is transferred to the buyer, not solely upon payment.

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Chartered Accountant
24588 Points Posted on 26 March 2021
When full amount is being received then you can recognise
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On 26 March 2021 at 16:18
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97 Points Posted on 06 April 2021
No I think as per indas 115 when control over the asset is transferred
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On 06 April 2021 at 11:57

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