AS KA NAAM HAI...REVENUE RECOGNITION....
REVENUE MATLAB INCOME...NOT THE PROFIT....
REVENUE IS THE INFLOW OF ALL RESOURCES...WHETHER IS COMING IN CASH OR IN KIND WE ARE LEAST CONCERNED....
FOE EG... I SOLD U SOMETHING...PAISA MILE TOH..MAIN CASH DEBIT KARUNGA...
AGAR AP MUJHE PASIE KI JAGAH CHASMA DO...
SHOES LAKE DO...
BUS EQUAL AMOUNT KA HONA CHAHIYE...
UNLESS AND UNTILL I HAVE MAKE A FIRM REQUIREMENT KI CASH DENA PAREGA.....TOH CASH HI DENA PAREGA...
KIND ME YA CASH ME KUCH BHI CHALEGA...
JUTA MILE TOH JUTA DEBIT
CHASMA MILE TOH CHASMA DEBIT...
AGAR KUCH NA MILE TOH...DEBTOR DEBIT.!!!!!!!!!!
REVENUE 3 TARAH SE AATE HAI..
1. SALE
2. IF SOMEBODY USES UR RESOURCE
3. SERVICE
1.SALE...TRANSFER OF OWNERSHIP WITH RISK AND REWARD FROM SELLER TO BUYER...
JAB TAK OWNERSHIP TRANSFER NAHI HO TAB TAK APKO REVENUE LIKHNE NAHI MILEGA...BE SURE ABOUT THAT..
JAISE CONSIGNMENT TRANSFER...
HUM CONSIGNEE KO MAL DETE HAI...JAB CONSIGNEE MAAL BECH DETA HAI TAB HUM BOOKS ME ENTRY KARTE HAI..
IF AT THE TIME OF MAKING THE SELL...THERE IS REASONABLR DOUBT IN THE MIND SET OF THE SELLER..ABOUT THE ULTIMATE COLLECTION OF THE REVENUE....THE RECOGNITION SHOULD BE POSTPONED TILL BE UNCERTAINITY EXIST....
AGAR MAAL BECHTE WAQT SELLER KO LAGE THERE IS REASONABLE DOUBT...REVENUE KO POSTONED KAR DO...JAB TAK WO CERTAINTY NAHI AA JAYE..KI PAISA MIL JAYEGA...TAB TAK REVENUE POSTPONED KARO...
EVEN THOUGH THE OWNERSHIP IS TRANSFERRED....
THE QUES WILL ARISE...AGAR SALE NAHI DIKHAE TO...FIR KYA...KYUKI GOODS TOH BUYER LEKE CHALA GAYA...
STOCK...DIKHAO...JAB TAK WO CERTAINTY NA AA JAYE KI...PAISA MIL JAYEGA..
2011 ME MAAL BECHE...2012 ME CERTAINITY AAYA...
2011 END ME STOCK LIKHO...2012 ME SALE LIKHNA...
Agar na mile paisa toh goods distributed as free sample…
For an example…meri ek restaurant hai..asansol (w.b) me…once in a weel me kholta hoon…weekly…on Sunday only
Mere bhai ke 2 kids hai…ninu and binu…dono mere papa(yani minu binu ke dada) k saath mere restaurant pe aye…
Papa ne dono bacho se pucha kya loge tum log…uss time wo log ko sab kuch chahiye…toffee,chocolate…icecream…pizza…
Fir dono bache ghar nikal liye….haan acha…bill hua…rs. 460 mene socha papa kuch paiso ke bare me bolenge….mujhse mausam ka halchal poocha n wo bhi nikal liye….mere yaha jo cashier hai..kaha bhaia kya kare….mene kaha POSTPONED…..
Ghar gaya..jab sham ko hum sab khana khane bethe…ppa bhi thay…mene maa se kaha “bache log bahut bigar rakhe hai…450 ka saman le aa jate hai” ye me maa ko bata nahi raha papa ko suna raha hoon….taki papa kuch to bole…uncertainty feel ho rahi hai na….paisa milega ki nahi milega…..papa ne kuch nahi bola…
Agle din lunch me same baat…..dinner me same baat…..papa gussa ho gaye…and kaha “mene tumhe iss din ke liye paida kiya tha”
Certainty aa gayi…ki paisa nahi milega….mene drawings to purchase entry kardi…
Yadi…agar papa ke mu se nikalta le beta 460 rupaye,,,toh
Papa to sales…cash to papa!! Kar dete…
The theme of this Accounting standard….I discussed I Hope…ye AS me koi problem na aaye….
CAclubindia
