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As - 9 (revenue recognition)

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(Querist)
12 December 2011 In case of fixed price contracts, revenue is recognized based on milestones achieved during the accounting period.


What does Milestones achieved in this context mean??
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Ravindra Srinivasa

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Ravindra Srinivasa (Expert)
13 December 2011 It mean Works completed and certified basis.

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