Can anybody explain 'Unbilled Revenue" with examples & accounting prcedure
How it appears in Balance sheet?
Menu
Unbilled revenue
Replies (4)
the income which had been recorded in PL but bill had not been issued for the same.
like...... postpaid telephone bills for last month, in some cases commission/incentives to dealers by principal
like...... postpaid telephone bills for last month, in some cases commission/incentives to dealers by principal
Telephone bill is an expense. It is booked as liability as on 31st March.
I am talking about revenue only which is unbilled till 31st March but appear in Balance sheet.where invoicing will be done on a later date.
sir I am talking about postpaid bills for telecom companies. think about their point of view. Suppose my post paid bill cycle is 20th March to 19th April. telecom companies will books revenue of 10 days on 31st march but they will issue bill only on 19th April.
understood
Recent Topics :
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
- 70:30 GST rule for solar EPC: partial scope (struc
- TDS on Redevelopers hardship allowance received no
- Who will take FSSAI AND TRADE LICENSE: owner or te
- E Way Bill in respect of Without Bringing Material
- FAST DS 2026 query
- Consultation
- E-way notices for FY 22-23
- Gst file not created
- Regarding 3CEB query
Related Topics :
CAclubindia
