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20 December 2014 company offered to its customer an offer as follows - buying of coupon worth Rs 1000/-, the customer can redeem the same for Rs 1050/- by buying the companies products
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CA Kumar Mukesh

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CA Kumar Mukesh (Expert)
20 December 2014 Dear Mr. Shenoy, Revenue need to recognized by Rs. 1,000/- however you need to create provision for expected losses or discount on future sales. The amount of provision will depend upon previous experience and the Judgement of the organization
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
20 December 2014 As per AS 9 on revenue recognition you must book a provision for 50 and revenue to the extent of 1000,
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Rupesh Jain

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Rupesh Jain (Expert)
20 December 2014 you have to take revenue as lower by discount.
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