As - 9 revenue recognition
This query is : Resolved
Keerthisgar R
(Querist)
08 January 2014
Criteria for revenue recognition
includes Sale of Goods, Whether sale of Immovable property i.e. sale of Plots is to be included in Sale of Goods?
includes Sale of Goods, Whether sale of Immovable property i.e. sale of Plots is to be included in Sale of Goods?
CMA Ramesh Krishnan
(Expert)
08 January 2014
Immovable properties cannot be considered as Goods, hence AS-9 will not apply those transactions
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