PDF · Notes
AS 9 Revenue Recognition Summary Chart for CA Inter Advanced Accounting
- Shared by
- Kavyansh
- Course
- CA Inter
- Subject
- Advanced Accounting
- Added
- 1 Nov 2026
Part of: CA InterAdv Accounting
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This one-page summary covers AS 9 Revenue Recognition, a standard that CA Inter students study in Advanced Accounting. It sets out when revenue should be recognised for sale of goods, rendering of services and use of enterprise resources by others, and it lists the conditions to check in each case. The note also covers special cases such as bill and hold sales, instalment sales, sale on approval, consignment sales and special orders. It suits students who want a quick, structured revision sheet before a test or exam.
What the notes cover
The chart lists the main sources of revenue, including sale of goods, rendering of services, interest, royalty and dividend. For sale of goods it explains the three conditions to check: performance, measurability and collectability. It also shows how trade discounts, volume rebates, GST and cash discounts are treated, and how net inflows are reported for agency business such as food delivery platforms. Each special case is shown as a short flow with an example beside it.
How to use it for exam revision
Use the chart to build a quick checklist before answering a question on revenue recognition. For each scenario, identify whether it is a sale, a service, or a use of resources, then find the matching rule. The special cases are the usual source of mistakes, so revise sale on approval, consignment, instalment and cash on delivery sales together and compare when revenue is recognised in each. Repeat the chart until you can redraw it from memory.
Who should read it
This note is useful for CA Inter students revising Advanced Accounting, especially those preparing for the revenue recognition and accounting standards questions. It is also helpful for CA Foundation students looking for an early overview of AS 9. Students who already have the full standard can use the chart as a compact recap before exams.
Key topics in these notes
- Revenue recognition conditions for sale of goods
- Bill and hold sales
- Sale on approval and instalment sales
- Consignment sales and agency business
- Rendering of services: completed service and proportionate completion method
- Interest royalty and dividend income
- Special order and subscription revenue
- Treatment of GST trade discounts and cash discounts
- as 9
- revenue recognition
- ca inter
- advanced accounting
- accounting standards
- consignment sales
- instalment sales
Related notes
Frequently asked questions
What is covered in AS 9 revenue recognition?
The note covers when revenue should be recognised for sale of goods, rendering of services, and use of enterprise resources by others such as interest, royalty and dividend. It also covers special cases like consignment and instalment sales.
When is revenue recognised for sale of goods under AS 9?
The chart says revenue is recognised when risks and rewards of ownership pass to the buyer, and when the performance, measurability and collectability conditions are met. Special cases such as bill and hold sales have their own rules.
Are GST and cash discounts included in revenue?
According to the chart, GST collected is payable to the government and does not form part of revenue. Cash discounts are not deducted from revenue and are treated as a separate expense.
How is revenue recognised for sale on approval or consignment?
For sale on approval, revenue is recognised when the buyer approves the goods, acts adopting them, or the rejection period lapses. For consignment, revenue is not recognised while goods are with the agent, and it is recognised when the goods are delivered to the buyer.
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