REVENUE RECOGNITION (AS  – 9)   gross inflow of consideration arising in the course of ordinary activities, such as:     a.  Sale of goods.   b.  Rendering the services. c.  Use of the enterprises resources by others giving interest, dividend and royalties.   2.  RfeargovloeoemdnosufS:e   a.  Revenue  is recognised: i.    When sale is completed. (Refer to next… Read moreRevenue Recognition AS 9

Direct Tax Case Study from Novemebr 2008