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Moumita Sinha (Querist)
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26 July 2013 When Revenue is recognized :
In case payments are to be made in installments and there is uncertainty in ultimate collection.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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26 July 2013 in that case only when payment is received revenue should be recognised.

Moumita Sinha

Moumita Sinha (Querist)
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26 July 2013 What would be the treatment at the time of sale?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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26 July 2013 if sale is made but payment to be received in installment then follow above suggestions.

no entry while sale is made or you can make sales entry by making a suitable provision of amount of sales not able to be collected with certainity.

means make revenue and also provision for bad debts also.

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