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Sale Booking as 9

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(Querist)
16 March 2009 What are the pre requisits to comply with AS 9 in case of sale of goods?

I mean what are the things we should have, to book sale in books to comply with as 9?
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alok raman

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alok raman (Expert)
16 March 2009 Transfer of risk and rewards of property to buyer ,certainty of collection and measurablity of amount are acid test for booking amount under AS-9
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
17 March 2009 "There is no significant uncertainity to ultimate collection"- Basic Criteria.
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