When is the recognition of revenue when the installment sale?

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mohamed Dahy
22-March-2014

Accounting IAS Budgeting IFRS Finance

Question ajoutée par Rashad Moursi , Financial and Administrative Officer & international Business Transformer, Hotel Owner Reprs. , Investment and financial
Date de publication: 2014/04/23

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MAJOUL Fadhel - CPA- CIA-CFE-CRMA-CISI

par MAJOUL Fadhel - CPA- CIA-CFE-CRMA-CISI , Consulting role related to Internal Audit , Dublin Investment & Management of Health Services Co

In installment sales, revenue is generally recognized when collection is made (conservatism rule) because generally in installment sale there is no reasonable basis for estimating the degree of collectibility (one of the4 criterias that must be met to recognize a revenue).

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par Rafi shaik , Senior Process executive , cognizant technology services private limited

Revenue reeived installment received interest

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