Dear Dudes
I have a doubt with respect to the REVENUE RECOGNITION in case of a CONSTRUCTION COMPANY, wherein there is a transfer of land first from the company and then there is a service contract between the company and the buyer. so when revenue has to be recognised?
| Originally posted by :Srivathson | ||
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Dear Srivathson, In this case, revenue recognition is based on transfer of property in goods and it is not like the treatment given in AS 7
Dear Dudes |
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ok fine then when to recognise it
CCI
Pro
CAclubindia
