banner_ad

Reimbursement of expenses - can we recognise revenue

This query is : Resolved 
Profile Image

Profile Image

(Querist)
27 November 2008 Dear Sir/Madam,

I have a query in respect of reimbursement of expenses.

Currently as i understand any invoice raised in respect of reimbursement of expenses goes as credit to expenses instead of revenue.

If the contract is inclusive of expenses, it takes the shape of revenue.

Hence, wanted to know whether there is any possibility of recognition of revenue on reimbursement of expenses if the contract is not inclusive but exclusive.

I am given to understand that as per US Gaap, the same can be taken as revenue...

Would Indian Gaap also allow me to do so...

if yes/ no.. can you substantiate with any guidelines or write-up...

Thx in advance...
Profile Image

Taranjit Singh

Profile Image

Taranjit Singh (Expert)
10 October 2009 If this old query is still pending you can send me a PM..
Profile Image

Taranjit Singh

Profile Image

Taranjit Singh (Expert)
10 October 2009 If this old query is still pending you can send me a PM..
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
07 May 2026
CA Assistant

amit desai and co

Mumbai

CA Final

View Details