% of certified work

Accountancy

Even though 55% of work is completed. Only 45% of work is certified. How can we recognise 55% of revenue? [Video Time Stamp: 08:02] Video Details ------------- P1 - Accounting Standards - CA Inter AS 7 #7. Disclosure Requirements and Illustrations

Geeta B

CA Inter

★ 8K+

23-Jun-26 16:27

Answers (2)

You will recognize revenue for the 55% of work completed. The 45% that is certified is billed to the client for payment. The remaining 10% (completed but uncertified) is typically recognized as Unbilled Revenue

CA Suraj Lakhotia

Admin

24-Jun-26 10:47

ok sir. thankyou

Thread Starter

Geeta B

CA Inter

★ 8K+

24-Jun-26 10:52