PDF · Notes
AS 9 Revenue Recognition Summary Chart for CA Inter Advanced Accounting
- Shared by
- Akshay K.
- Course
- CA Inter
- Subject
- Advanced Accounting
- Added
- 27 Oct 2026
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These handwritten notes summarise AS 9 Revenue Recognition in a single chart format. They cover when revenue should be recognised for sale of goods, rendering of services and use by others of enterprise resources such as interest, royalty and dividend. The notes also touch on special cases like bill and hold sales, consignment sales, instalment sales and sale and repurchase agreements. They suit CA Inter students revising Advanced Accounting who want a quick, visual recap of the recognition criteria before attempting questions.
What the notes cover
The chart lists the three conditions for recognising revenue: performance, measurability and collectability. It shows how these apply to different transactions, including agency business such as food delivery platforms where only the net commission is treated as revenue. It also explains that GST collected does not form part of revenue, and that trade discounts and volume rebates are deducted while cash discounts are treated as a separate expense. Special cases like instalment payments, cash on delivery sales and special orders are marked with examples.
How to use them for revision
Use the chart to compare recognition timing across transactions in one view. Read the flow arrows for sale of goods and service completion, then test yourself by deciding where revenue should be recognised for a given scenario, such as goods sent on consignment or an advance received for a special order. The notes are useful for quick revision a few days before the exam, alongside the standard text of AS 9 and your practice question papers.
Who should read these
These notes are meant for CA Inter students preparing Advanced Accounting and for anyone revising revenue recognition principles under the accounting standards. Students who find the standard wordy will find the flowchart style easier to memorise. They are a revision aid and do not replace the full standard or ICAI study material.
Key topics in these notes
- AS 9 revenue recognition criteria
- Sale of goods and transfer of risks and rewards
- Rendering of services and proportionate completion
- Interest royalty and dividend income
- Consignment and sale on approval
- Instalment sales and sale and repurchase agreements
- Trade discounts rebates and GST treatment
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Frequently asked questions
What is AS 9 revenue recognition?
AS 9 sets out when revenue from sale of goods, rendering of services and use of enterprise resources should be recognised in the accounts. The notes summarise these conditions in chart form.
Are GST and cash discounts included in revenue under AS 9?
According to these notes, GST collected is payable to the government and is not part of revenue, while cash discounts are not deducted from revenue and are treated as a separate expense.
When is revenue recognised for consignment sales?
The notes say that when goods are with the agent, risks and rewards remain with the manufacturer, so revenue is recognised only when the goods are delivered to the buyer or an independent third party.
Are these notes useful for CA Inter Advanced Accounting revision?
They give a one-page visual summary of AS 9 recognition rules and examples, which suits quick revision. Open it free in the Studycaller app to read the full note.