Accounting for Global Selling !
I send and sell through the US FC. I would like to know how to enter the shipment sent to the FC in one's India books of accounts. Also how does one account for the sales made from the Amazon FC in the seller's India books of accounts?
I would issue a sale bill for the quantity shipped to the US FC in my books at cost without GST against LUT. Is this correct ?But since the goods would be sold at different rates and on different dates how does one show this in the India books ?
Accounting for Global Selling !
I send and sell through the US FC. I would like to know how to enter the shipment sent to the FC in one's India books of accounts. Also how does one account for the sales made from the Amazon FC in the seller's India books of accounts?
I would issue a sale bill for the quantity shipped to the US FC in my books at cost without GST against LUT. Is this correct ?But since the goods would be sold at different rates and on different dates how does one show this in the India books ?