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Discussion > Accounts > Revenue Recogition in Construction Co

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Member (Account Deleted)
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Posted On 07 October 2008 at 22:31

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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)

Posted 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?

Member (Account Deleted)
[ Scorecard : 319]

Posted On 16 October 2008 at 06:45

ok fine then when to recognise it

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