Amc revenue
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 August 2012
Dear Experts
Our Co. supplies printers etc. We also provide AMCs for these equipments.
Should I book the revenue, partly in current year and partly in future periods following the matching concept.
Is there any specific Accounting Standard/Guidance Note for this....
Experts views are solicited
Our Co. supplies printers etc. We also provide AMCs for these equipments.
Should I book the revenue, partly in current year and partly in future periods following the matching concept.
Is there any specific Accounting Standard/Guidance Note for this....
Experts views are solicited
CA Amit Jaiswal
(Expert)
10 August 2012
For sale and Services you should follow the AS-9 on Revenue Recognition.
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