Revenue recognition
This query is : Resolved
08 July 2015
Can anybody help me in the following issue.
I am facing problem in revenue recognition.
My client is into the business of providing links on an agreement.
Invoice raised in march,2014 for which services to be rendered during Apr,15 to June,15.
When to recognise this revenue? FY 14-15 or FY 15-16.
I am facing problem in revenue recognition.
My client is into the business of providing links on an agreement.
Invoice raised in march,2014 for which services to be rendered during Apr,15 to June,15.
When to recognise this revenue? FY 14-15 or FY 15-16.
08 July 2015
Recognize the revenue in FY 15-16 the year in which service rendered.
08 July 2015
For which payment also received. How to recognise it in the Financials?
08 July 2015
Payment received keep it in advance.
08 July 2015
Sales entry already passed in tally. Shall i reverse it.
08 July 2015
Or transfer it to deferred revenue income account.
08 July 2015
Reverse the sales entry....
08 July 2015
Thanks a lot........
Thanks a lot........
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
OR add as source on Google news
- Acquisition of a society by a company
- EPF withdrawal before 5 years and Disclosure in ITR-2
- Rebate Under 87A Issue
- Transfer of immovable property without consideration
- Gratuity not yet paid shown in form 16
- FORM 115BAC
- ITC Utilization on vehicle repair
- HRA in ITR 2 FY 2024-25
- 2.25 CRORE TRADER, NO CASH TRANSACTIONS,3CD APPLICABLE?
- Clarification on ITR 3: Is Sl. No. 64 required for 44ADA income?
- Mis report in excel format of hospital
- Updation Required
- Tax invoice in special case
- GST OFFICER WRONG NOTICE
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- GST on Restaurant service
- Revision under Section 264 in The Income Tax Act, 1961
- TDS under section 195.
- Filing GST Returns after death of proprietor
Trending Online Classes
-
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
CA Nipun Arora03 September 2025 -
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)
Industry Expert15 September 2025
OR add as source on Google news
CAclubindia
