Letter of allottment

pooja dedhia (Querist) 08 September 2017 This query is : Open
Mr x is issuing the letter of allotment against booking flat . During the f.y.16-17 has got the 50 lakhs revenue through the letter of allotment . No agreement of sale is executed . Then how to recognize the revenue in F.Y.16-17 On the basis of the letter of allotment? as per As-9

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