AS 9 deals with the bases for recognition of revenue in the statement of profit and loss of an enterprise. The Standard is concerned with the recognition of revenue arising in the course of the ordinary activities of the enterprise from
• the sale of goods
• the rendering of services
• the use by others of enterprise resources yielding interest, royalties and dividends
Revenue is the gross inflow of cash, receivables or other consideration arising in the course of the ordinary activities of an enterprise from the sale of goods, from the rendering of services, and from the use by others of enterprise resources yielding interest, royalties and dividends.
AS 9 is helpful for students doing CA / CS / ICWA and also students doing accounts from various universities
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