How do you handle revenue recognition for electrical sales and services in the account finalization?
Service Sales Accounting Service Sales Accounting In India, handling revenue recognition for electrical sales and services during account finalization involves adhering to the guidelines set by the Indian Accounting Standards (Ind AS) or Generally Accepted Accounting Principles (GAAP) if applicable. It’s essential to follow these steps: 1. Identification of Performance Obligations: Begin by identifying distinct… Read More »
