Revenue recognition
This query is : Resolved
21 January 2013
in case of a company charging for services online thru its website. n it has 30 days money back policy. when do we recognize revenue
Guest
Guest
(Expert)
21 January 2013
Revenue should be recoginsed as per principles of AS 9 Revenue Recognition. But a provision for returns should be made on a prudent estimate from past experience.
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