Revenue recognition

147 views
User Avatar

1 Points Posted on 23 September 2020
revenue recognition is dealt by
0 Reply Share Follow
On 23 September 2020 at 12:17 Report
Replies (2)
Quick Summary
Revenue recognition is governed by specific accounting standards depending on the industry. While IND AS 18 generally applies, real estate companies follow AS 7. Other manufacturing businesses adhere to their own distinct policies and hypotheses for recognising revenue.

User Avatar

GST Practitioner & Accounts
15146 Points Posted on 23 September 2020

Revenue recognition is dealt  with  IND AS 18 

Reply
On 23 September 2020 at 14:49
User Avatar

Profession
28261 Points Posted on 25 September 2020
Different companies carrying on different types of business recognize revenue differently.
But real estate companies is governed by As7.
All other manufacturing companies are governed by different policies snd hypothesis.
Reply
On 25 September 2020 at 14:51

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Gross total income
  2. Export Compliance
  3. Sale of plots in open land
  4. Income tax query
  5. Best CA Inter coaching in laxmi nagar
  6. HOW TO SELL SHARES OF PRIVATE LIMITED COMPANY SOME
  7. Unregistered Association of Persons (AOP) Agreemen
  8. Intimation u/s 245 of income tax act
  9. Ewaybill query
  10. IDS Refund: GSTR-2B Invoice Not Validated in State

More recent discussions | Post

Related Topics :

Loading