When to recognise the revenue in following cases
{"Image DocumentName": "When to recognise the revenue in following cases?", "Image ImageDescription": "With regard to recognition of revenue from consultancy fees received from design engineering on other than turnkey projects and for project management directly related to construction contract, the recognition of revenue on the basis of bills raised may not be appropriate since there may be cases where the work has been completed up to the relevant stage but the bill has not been raised. Accordingly, the raising of bills should not be the criteria for recognition of revenue. The profit arising from recognition of revenue in respect of the projects covered by above paras should be recognized only where the work has progressed to a reasonable extent on the project. However, provision for all the foreseeable losses on the project should be made irrespective of the stage of completion achieved on the contract.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}