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Stephen Widberg.
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Noah098
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Sir if a deposit becomes non-refundable after 75% of completion of a house then can we recognise it as revenue once 75% of construction is done or we have to wait till we pass control of the asset to the customer?
Stephen Widberg
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I think you recognise it.
You have an enforceable right to the money for the work that you have completed.
Noah098
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