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  • Accounting for sales and purchases under EXW and DDP Incoterms

    Transféré par

    Phan Thi Tuyet Nhung
    12 vues2 pages
    For the first document, the seller can record the sale in the period ended 30 June 2015 because title transferred on 26 June 2015 even though goods reached the buyer's warehouse on 5 July 2015. The buyer cannot record the purchase until the next period ended 31 July 2015. For the second document, neither the seller nor buyer can record the sale/purchase in the period ended 30 June 2015 because title did not transfer until 5 July 2015 when the goods reached the buyer's warehouse.

    Description originale:

    Financial Accounting_Inventory

    Titre original

    EXW and DDP

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    For the first document, the seller can record the sale in the period ended 30 June 2015 because title transferred on 26 June 2015 even though goods reached the buyer's warehouse on 5 July 2015. The buyer cannot record the purchase until the next period ended 31 July 2015. For the second document, neither the seller nor buyer can record the sale/purchase in the period ended 30 June 2015 because title did not transfer until 5 July 2015 when the goods reached the buyer's warehouse.

    Droits d'auteur :

    © All Rights Reserved
    Téléchargez comme PDF, TXT ou lisez en ligne sur Scribd
    Signaler comme contenu inapproprié
    12 vues2 pages

    Accounting for sales and purchases under EXW and DDP Incoterms

    Transféré par

    Phan Thi Tuyet Nhung
    For the first document, the seller can record the sale in the period ended 30 June 2015 because title transferred on 26 June 2015 even though goods reached the buyer's warehouse on 5 July 2015. The buyer cannot record the purchase until the next period ended 31 July 2015. For the second document, neither the seller nor buyer can record the sale/purchase in the period ended 30 June 2015 because title did not transfer until 5 July 2015 when the goods reached the buyer's warehouse.

    Droits d'auteur :

    © All Rights Reserved
    Téléchargez comme PDF, TXT ou lisez en ligne sur Scribd
    Signaler comme contenu inapproprié
    sur 2

    EXW

    Accounting period ends 30 June 2015


    Goods sold on 26 June 2015
    Goods reached to buyers warehouse on 5 July 2015
    Title Transfer 26 June 2012

    Seller

    Buyers Goods

    Buyer

    Can seller consider as sales in the accounting period ended 30 June 2015?
    Can buyer consider as purchases in the accounting period ended 30 June 2015?

    DDP
    Accounting period ends 30 June 2015
    Goods sold on 26 June 2015
    Goods reached to buyers warehouse on 5 July 2015
    Title Transfer 5 July 2015

    Seller

    Sellers Goods

    Buyer

    Can seller consider as sales in the accounting period ended 30 June 2015?
    Can buyer consider as purchases in the accounting period ended 30 June 2015?

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