Abstract
The focus of this case is on the problem of recognition of current income when related expenses are spilled over to the next accounting year (e.g. for future warranty repair costs). The issues that arise are whether it is enough to record future expenses as and when they arise or whether estimates of such future expenses need to be provided for income determination; and, if so, on what basis.
Additional Information
| Product Type | Case |
|---|---|
| Reference No. | F&A0208 |
| Title | Calcutta Motors Private Limited ** |
| Pages | 9 |
| Published on | Jan 1, 1971 |
| Year of Event | 1971 |
| Authors | Bhattacharyya, S K; Desai, P V; |
| Area | Finance and Accounting (F&A) |
| Discipline | Accounting, Quantitative Methods |
| Sector | Transportation and Logistics |
| Country | India |
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