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Srivathson
Article Student
[ Scorecard : 316] 		ON : 07 October 2008 at 22:31

Dear Dudes

I have a doubt with respect to the REVENUE RECOGNITION in case of a CONSTRUCTION COMPANY, wherein there is a transfer of land first from the company and then there is a service contract between the company and the buyer. so when revenue has to be recognised?

SAI (Guest) 		ON : 08 October 2008 at 12:34
Originally posted by :Srivathson
"

Dear Srivathson,

In this case, revenue recognition is based on transfer of property in goods and it is not like the treatment given in AS 7

 

Dear Dudes
I have a doubt with respect to the REVENUE RECOGNITION in case of a CONSTRUCTION COMPANY, wherein there is a transfer of land first from the company and then there is a service contract between the company and the buyer. so when revenue has to be recognised?

 "


 

Srivathson
Article Student
[ Scorecard : 316] 		ON : 16 October 2008 at 06:45

ok fine then when to recognise it

 


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