Why would as 15 affect expenses?

Indian Accounting Standards 252 views 1 replies

India adopted AS 15 from April 1 2018.  

Check this quarterly statement from PTC

 

https://www.ptcindia.com/files/investor_relation/Results%20Jun%202018_Final.pdf

If you check 4a Expenses, there is the line for Purchases
which says Purchases (Refer Note 9).

If you go below to Note 9, it refers to AS 15 - revenue from contracts with customers.

Since AS 15 concerns revenue, I do not understand how it affects Expenses/Purchases? Can someone explain this to me?

PTC is a power trading company.

Replies (1)
Actually they said that few purchases are not shown seprately they are dwducted directly from revenue as they are of agency nature, they receives commission on it which is difference of revenue and purchase.

for eg.

Sales: Normal 2000
Agency nature 3000
Purchase: normal 1200
Agency Nature 1600

It will be presented in PL
Revenue : 2000+1400(3000-1600)=3400
Purchase: 1200


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
16 June 2026
Sr. Associate / Assistant Manager | TAS / FDD

Boutique Investment Bank & Transaction Advisory Firm

Gurgaon

CA

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details