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How is the product and service component is recognized under IAS 18 (Revenue Recognition)?

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Question ajoutée par Anil Chauhan , Senior Accountant , DOTW KUWAIT WLL
Date de publication: 2015/12/27
LIGI MALIEKKAL
par LIGI MALIEKKAL , ACCOUNTANT , A.C.C.L (FZE) AVIATION CO & AIRMOTIVE SERVICES

Cash can be received in an earlier or later period than obligations are met (when goods or services are delivered) and related revenues are recognized that results in the following two types of accounts:

Revenue realized during an accounting period is included in the income

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