Is there any minimum % completion required to recognise revenue from a particular contract as per AS-7?
Menu
Minimum % completion for revenue recognition-as-7
Replies (1)
Hi Divya,
There is no requirement of minimum percentage completion to recognize the revenue.
You can recognize the revenue on the basis of completion.
Recent Threads
- Seeking your expert view on GST return disclosure
- GST on rent a car Business , GST Query
- Need CA for Turnover Certificate & Tender (Del
- Schedule CFL is not saving 0 as carry-forward loss
- Deduction 80c,80d,80ttq
- GST cancellation ecommerce
- Ca final may 2026 exam
- Shop and Establishment Registration with AGILE Pro
- Deduction 80C, 80D, 80TTA under old regime under b
- Quick Survey: GSTR-2B Reconciliation Pain Points f
Related Threads
CAclubindia
