Hi guys 👋 in this blog let's see about that Avenue recognition it means gross inflow of cash receivable or other consideration arising in the course of ordinary activities of an Enterprises such as sale of good rendering the service use of Enterprises resources by other ending interested dividend and royalty revenue from sale of goods recognised when all the following conditions of full field restaurant the ownership of goods to buyer for price for all significant response have been transfer to buy a seller does not retain any affective Control of phone the transferred good there is no significant and certainity in collection of the amount of consideration that is cash receivable etc revenue should be recognised immediately but goods must be in hand of seller identified under ready for delivery at the time of recognition of revenue installation and inspection revenue should be recognised when goals or install that buy a place to satisfaction and Inspector and accepted by the buyer sale on approval revenue should be recognised even by your confirmed is desire to buy such good through communication guaranteed sales revenue should be recognised by the substance of agreement of sale or after the reasonable period as expired warranty sales immediately but the provision should be made to cover and expired warranty consignment sale revenue should be recognised only when the boots are sold to third party special order and shipments revenue from such sales should be recognised when the goods are identified under ready for delivery subscription for Publication when items delivered very invalue from period to period the revenue should be recognised on the basis of sales value of those items installment sales revenue of sales price excluding interest should be recognised on the date of sale interest to should be recognised proportionately to the unpayed balance revenue from rendering of service is generally recognise that the services performed the performance of service is measured by following to method completed service contract method proportionate completion method in first one revenue is recognised when service is about to the completed and no significant and sir 1080 exist about to collection of the amount of service charges in second the revenue recognise under this method would be determined on the basis of contract value associated cost number of act or other suitable basis. Hope my blogs are informative. 
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