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AS 9

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 December 2010 suppose i displayed a hoarding for my client for period 27th August 2010 to 26th Sept 2010 and i recognized entire revenue on 30th August 2010. Is it right ?
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sachin

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sachin (Expert)
06 December 2010 As per AS 9 revenue can be recognised when there it is accrued and certainty of collection of revenue.

Here u can not recognize revenue for the month of September, 2010 as yet it is not accrued.

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