Hi Sir,
If an entity constructs a building for the customer,how we must account the construction cost since the building is in progress.I know revenue is recognised when the goods & services are transferred to customers.
Thank you..
Ask the Tutor ACCA SBR
IFRS 115
6y ago#1Likely to be a contract asset for the exam - though a tightrope in practice!- do you have a particular exam question in mind?
Sign into reply to this topic.