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When is the recognition of revenue when the installment sale?

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Question added by Rashad Moursi , Financial and Administrative Officer & international Business Transformer, Hotel Owner Reprs. , Investment and financial
Date Posted: 2014/04/23
MAJOUL Fadhel - CPA- CIA-CFE-CRMA-CISI
by MAJOUL Fadhel - CPA- CIA-CFE-CRMA-CISI , Consulting role related to Internal Audit , Dublin Investment & Management of Health Services Co

In installment sales, revenue is generally recognized when collection is made (conservatism rule) because generally in installment sale there is no reasonable basis for estimating the degree of collectibility (one of the4 criterias that must be met to recognize a revenue).

Rafi shaik
by Rafi shaik , Senior Process executive , cognizant technology services private limited

Revenue reeived installment received interest 

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