In a developer accounts, can a revocation and rescission of S&P for a sale made in last financial year (FY) be reversed in current FY as both a reversal onto current FY's Revenue and Cost of Sales? If yes, what happens if current FY has no Revenue? It will lead to negative Revenue. If a reversal made onto both Rev and COS, wouldn't it be treated as PYA?

Wouldn't it be more appropriate if the net amount which is a loss be treated as other operating expenses?

Kindly help.

Thank you.