In AS 9 is a method of accounting which recognises revenue in the statement of profit and loss only ...........

Accountancy (Phase -I & II) Accounting standards

In AS-9, .................................. is a method of accounting which recognises revenue in the statement of profit and loss only when the rendering of services under a contract is completed or substantially completed

Proportionate completion method

Completed service contract method

revenue recognition menthod

None of these

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Explanation:

Completed service contract method is a method of accounting which recognises revenue in the statement of profit and loss only when the rendering of services under a contract is completed or substantially completed