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
Can someone please reply and solve the queries?? Its urgent..
Regards
O P Bagla & Co LLP
New Delhi
CA Inter
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Shyam Joshi & Associates
Pune
B.Com
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CAclubindia
