Accounting treatement
This query is : Resolved
Rajan Somani
(Querist)
24 May 2019
If a listed company is having two windmills and power generated from the above 2 windmills is firstly used for captive consumption and then is is sold to its respective electricity board. then how should be revenue recognized and what should be the accounting treatment as per respective IND AS
Amol S Joglekar
(Expert)
06 June 2019
the revenue from the windmill is firstly adjusted against the existing bill for the electricity and then the remaining portion is treated as revenue.
You have to work out the same from the statement given by the electricity board/company.
You have to work out the same from the statement given by the electricity board/company.
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