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If the contract fail the step 1 of the 5 step model, how the entity should accounted for the contract for the amount received from the customer? and the timing of recognition based on cash received basis?
If there is no contract there will be no revenue recognition.
I am not clear what the rest of your question means.
Then how do we accounted for the amount received for customer for the service provided? Dr cash and CR other income? and the accounted for this transaction is when the cash received from customer rather than in the point when the entity provide/ satisfy their performance obligation like IFRS 15?
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