Revenue recognition

Ritzz (CA Final - Article ) (365 Points)

19 August 2013  

Dear Friends

1. How is Revenue recognized in case of a repo arrangement wherein an enterprise may sell goods to an entity and also enter into an agreement to purchase the same the back for the entity at a later date? 

 

2. Secondly, kindly explain how Revenue is recognized in case of DEPB Credit? 

 

Regards