Accounting of ad contract
This query is : Resolved
JAYESH MEHTA
(Querist)
07 March 2018
Sir,
We are running A ad agency with Turnover of Rs 1 crore per anum..
Please confirm can we book WHOLE SALES INCOME in current FY when AD CONTRACT period is started in CURRENT FY & GOING TO EXPIRED IN NEXT FY ?
We are running A ad agency with Turnover of Rs 1 crore per anum..
Please confirm can we book WHOLE SALES INCOME in current FY when AD CONTRACT period is started in CURRENT FY & GOING TO EXPIRED IN NEXT FY ?
JAYESH MEHTA
(Querist)
09 March 2018
We book the whole contract AD SALE BOOKING LIKE AD VAI HOARDING FOR 6 MONTH, OR VIA AUDIO VISUAL MEDIA & ISSUE THE COMPLETE PERIOD SALE BILL TO CLIENT & CLIENT PAID US AMOUNT EITHER IN ONE OR PART IN INSTALLMENT .
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