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Treatment in case of advance amount taken from foreign buyer(debtors) in Dollers, Entries in the books.

Companies Law - Started By: - Mahendra L - Dated:- 11-1-2016 Last Replied Date:- 19-2-2016 - Dear Sir/Madam.,In case of Export of goods(by the Indian seller) we received payment in advance (from the foreign Buyer) in Dollars.Can we take this total ad .....

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ransactions.Thanking You.,Regards.,mahendra.L - Reply By MARIAPPAN GOVINDARAJAN - The Reply = You yourself admitted as advance. Then how can it be accounted as sale value on the date of sales? - Reply By Ganeshan Kalyani - The Reply = I agree with Ma .....

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n traced out answer from a query itself. It is an art. I am thrilled with your replies to this query. At the same time I hope questioner will not mind it. - Reply By YAGAY AND SUN - The Reply = Dear Mahendra,Please check following: Indian Accounting .....

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