https://www.taxtmi.com/acts?id=40995 The Standard requires recognition of revenue from sales, services, and the use of resources when performance is achieved and measurement and collectability are not significantly uncertain. Sales revenue follows transfer of property or the transfer of significant risks and rewards of ownership; service revenue is recognised by the proportionate completion or completed contract method as appropriate; interest, royalties and dividends are recognised when measurability and collectability are certain. Recognition is postponed where significant uncertainty exists and disclosure of postponed recognition is required. en-us Sat, 05 Nov 2022 11:24:23 +0530 Tue, 06 Jan 2026 15:03:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40995 The Standard requires recognition of revenue from sales, services, and the use of resources when performance is achieved and measurement and collectability are not significantly uncertain. Sales revenue follows transfer of property or the transfer of significant risks and rewards of ownership; service revenue is recognised by the proportionate completion or completed contract method as appropriate; interest, royalties and dividends are recognised when measurability and collectability are certain. Recognition is postponed where significant uncertainty exists and disclosure of postponed recognition is required. Act-Rules Companies Law Sat, 05 Nov 2022 11:24:23 +0530 https://www.taxtmi.com/acts?id=40995