Revenue Recognition of Passenger Telephone recharge cards

Internal Audit 865 views 1 replies

 

Could you please clarify the method of Revenue Recognition of Telephone Recharge cards and Top Up sales?

 

Replies (1)

If it is your Business then Income from SIMs, recharge coupons of Mobile, Prepaid Calling Cards, and Prepaid internet connection cards are treated as income of the year in which the payment is received since the extent of use of these cards within the financial year could not be ascertained.

 


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