Transcription of AS 9 – REVENUE RECOGNITION
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AS 9 – REVENUE RECOGNITION
AS 9 REVENUE RECOGNITION Applicability This AS lays down fundamental principles of REVENUE RECOGNITION . By its name it name it implies that it is a more of a measurement standard than a disclosure. What and when to credit profit and loss account is determined by this AS. Though the AS is small, many issues evolve therefrom in our day-to-day practice. Hence, part of the issues are covered in this AS and balance issues along with interesting disclosure accounting policies along with notes and auditors report will be taken up in the next issue.
AS 9 – REVENUE RECOGNITION Applicability This AS lays down fundamental principles of Revenue Recognition. By its name it name it implies that it is a more of a measurement standard than a disclosure. What and when to credit profit and loss account is determined by this AS. Though the AS is small, many issues evolve therefrom in our day-
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