Can I recognize revenue on cash basis?

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Can I recognize revenue on cash basis?

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anonymous · Answer 1 · 2013-02-22T05:11:36+0000

No. Cash basis accounting is not allowed under IFRS/IAS.

As per IAS 18, revenue should be measured at the fair value of the consideration received or receivable. That is essentially the accrual basis.

Can I recognize revenue on cash basis?

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