Recognition of revenue
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 March 2018
invoice raised on 5th may 2017 for services rendered for march 2016
please explain when we should recognize income
please explain when we should recognize income
Nikhil Kaushik
(Expert)
22 March 2018
on accrual basis it should be charged in March 2016 itself unless there are sufficient grounds for deferring revenue recognition
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