International Research Journal of Commerce , Arts and Science
( Online- ISSN 2319 - 9202 ) New DOI : 10.32804/CASIRJ
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COMPLIANCE OF AS 9 - REVENUE RECOGNITION
2 Author(s): DR. DEEPALI JAIN,DR. KAMAL MOHAN BANSAL
Vol - 8, Issue- 8 , Page(s) : 272 - 284 (2017 ) DOI : https://doi.org/10.32804/CASIRJ
This paper examines the compliance of Accounting Standards of ICAI and the RBI Guidelines by Banks concerning revenues. For analysis, we have used primary and secondary data for three years, i.e., from 2014-2015 to 2016-2017. The study covers 16 banks belonging to Private Sector. Public Sector (including State Bank of India) and Foreign Banks. The study has revealed that one-half of the bank's understudy do not follow AS 9 on Revenue Recognition concerning all the items of income. The study also discloses the impact on profit of change in the method of accounting of income from cash basis to accrual basis