Dear tutor,
Q5 We have answer = balancing Cost (9.2) in P/L
Can you please explain what this figure is?
If I were to include it in my P/L statement - where would it go?
I cannot understand if this is cost of sales and where to include.
Thank you
Ask the Tutor ACCA SBR
Rev from Contracts
6y ago#1If we make a decision about what what figure to use for revenue and profit............then costs or COS has to be the balancing figure.
It's unusual because normally we make a decision on what figure to use for revenue and cost of sales and then profit is the balancing figure!
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