Revenue Recogition in Construction Co - Accounts Forum - Chartered Accountants India,Taxpayers, CAs India, CA india ,ICAI, Company Secretary ,CS, Cost Accountants, MBA, Finance Professionals

Discussion > Accounts > Revenue Recogition in Construction Co

Pages : 1

There are 2 Replies to this message

Member (Account Deleted)
[ Scorecard : 319]

Posted On 07 October 2008 at 22:31

Report Abuse / Feedback

Note : The above form can be used to intimate the moderators regarding abuse of the platform.

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

Related Threads

more >>

Report Abuse / Feedback

Related Threads

Post your reply for Revenue Recogition in Construction Co

Message