The corresponding AS to ICDS 4 'Revenue Recognition' is AS 9 'Revenue Recognition'.
Point of Difference
Point of Difference
|
Basis
|
AS - 9
|
ICDS - 4
|
|
Applicability |
Does not apply to companies engaged in insurance business. |
Silent
on the same.
|
| Recognition of revenue from service transactions |
Percentage completion method OR Completed service contract method | Percentage completion method |
