AS 9 Revenue Recognition

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11 Points Posted on 21 February 2019
How to recognise Purchase?
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On 21 February 2019 at 16:03 Report
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19 Points Posted on 21 February 2019
Purchase shall be recognised as in similar to sales, that is when risk and rewards are transferred to the purchaser.
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On 21 February 2019 at 17:38
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Team Lead
7558 Points Posted on 21 February 2019
purchase shud be recorded when the invoice is received from the seller
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On 21 February 2019 at 17:59
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1234 Points Posted on 21 February 2019

the purchase should be recognized when the invoice is raised, payment is made or the party is debited in the books of accounts whichever is earlier 

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On 21 February 2019 at 23:10

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