What is Revenue Swaps as per AS-9

Mr Gopal, AS 9 does not deal with the situation of SWAP/Barter.IFRS-18 deals with this kind of a transaction. Swap is nothing but exchange of goods for goods. 

As per IFRS 18 a transaction is not regarded as generating revenue if goods/services are exchanged for goods/services of a similar nature and value.

When goods/services are supplied/ rendered in exchange for dissimilar goods/services, the exchange is regarded as a transaction which generates revenue.

In such circumstances the revenue is measured at FV of G/s rendered/receivable, adjusted by the amt of any cash/C.E. t/fd

 Thanks Mahesh Ji.