alleryStart learning →Services by an indeterminate number of acts over a period are recognised on what basis?
AStraight line basis
BCompletion only
CReducing balance
DCash receipt basis
Answer & Solution
Correct answer: A. Straight line basis
For an indeterminate number of acts over a specific period, revenue is recognised on a straight line basis over that period.
Keep practising Revenue Recognition (AS 9)
Browse all Revenue Recognition (AS 9) questions for CA Inter, or explore more Accounting topics.
Related questions
Sales of Rs 1,00,000 carry a 2% volume rebate given. Revenue is what?A consignor sends 100 units at Rs 500; the consignee sold 60. Consignor's revenue?Membership fee giving only membership, with a separate annual subscription, is booked whenFees of Rs 36,000 cover a 9-month course. Revenue for 3 months is what?Fees for a season ticket to many events are allocated how?Trade discounts received are not revenue because they are what?Trade discounts and volume rebates given are treated how?Interest on an instalment sale is recognised in proportion to what?