Non-Compliances related to components of Profit & Loss Statement

CA Rakesh Ishi , Last updated: 14 October 2022 Share Follow on Google News

1. REVENUE RECOGNITION It was noted from the accounting policy of revenue that the element of financing has not been considered if the credit term is consistent with market practices. As per above-stated paragraph of Ind AS 18, it was viewed that when consideration for sale of goods constitute

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About the Author

CA Rakesh Ishi

Working at Private Company

I am a Chartered Accountant currently employed in a company, bringing forth extensive experience in the realms of accounting, finance, and taxation. Leveraging my professional qualifications, I possess profound knowledge of diverse financial and accounting principles, utilizing this expertise to facilitate my company i ... Read more

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