Non refundable deposit - when to credit as income????

This query is : Resolved 

28 January 2009 Non refundable deposit received on an agreemnet for 3 years
which of the below mentioned treatment are appropriate to recongnise revenue
1. treat it as income at the time of receipt
2. credit deposit as income over the period of contract.
kindly suggest the treatment which is in confirmity with AS - 9 and related IAS

30 January 2009 2nd option

08 February 2009 Depends upon method of accounting.
In case of cash basis, 1st method.
In case of Accrual Basis, 2nd method.




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