Is there any minimum % completion required to recognise revenue from a particular contract as per AS-7?
Menu
Minimum % completion for revenue recognition-as-7
Replies (1)
Hi Divya,
There is no requirement of minimum percentage completion to recognize the revenue.
You can recognize the revenue on the basis of completion.
Recent Topics :
- APPLICABILITY AND BREAKDOWN OF GST COMPLIANCE ON S
- Advance for supply of goods
- Question for members: how do you manage client doc
- Clarification Required on Invoicing and Receipt of
- SEBI Registered VS NSDL Registered RTA
- Income tax or capital gain tax for Resident Indivi
- PCIT-1 Thane Email address
- CA Fees deduction for non audit case allowed?
- 5th Letter PAN Mismatch with Surname issues still
- Criteria to hire an article
Related Topics :
CAclubindia
