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ACCOUNTING STANDARDS (REVENUE RECOGNITION)

This query is : Resolved 
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(Querist)
18 July 2010 WHAT IS MEANING OF THIS?

REVENUE DOES NOT INCLUDE
CERTAIN TRANSACTIONS OR EVENTS THAT RESULT IN UNREALISED OR REALISED GAINS NAMELY

HOLDING OF NON-CURRENT ASSETS,HOLDING OF CUREENT ASSETS
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DR GAURAV GUPTA FCA, FCS, LL.B

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DR GAURAV GUPTA FCA, FCS, LL.B (Expert)
19 July 2010 it means revenue will not be recognized unless sales takes place if mkt value of current assets or fixed assets is increased but there is no sale agreement then it will not be recognised

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