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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Revenue
Explain what the primary issue is in accounting for revenue?
To make sure that all relevant revenue related to the period is included?
Did I get it right?
When to recognise revenue in the accounts. Different industries will have different rules regarding when you can recognise revenue but one of the general rules is when the rights and obligations has been significantly transferred.
Ah! Was that what the question was referring to?