Question

Which of the following aspects of revenue recognition is not dealt by $AS-9$?

• A. Revenue arising from construction contracts
• B. Revenue arising from hire-purchase lease agreements
• C. Revenue arising from governments grants and other similar subsidies
• D. All of the above

Answer 1

The correct option is D All of the above

Accounting Standard - 9 deals with the Revenue Recognition arising in the course of the ordinary activities of the enterprise from

1. the sale of goods

2. the rendering of services

3. the use by others of enterprise resources yielding interest, royalties and dividends