Revenue from contracts with customersForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Revenue from contracts with customersThis topic has 1 reply, 2 voices, and was last updated 2 years ago by P2-D2.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts September 21, 2022 at 1:56 pm #666918 johnbrianeMemberTopics: 170Replies: 160☆☆☆If the sale and lease back contract does not constitute a sale, a financial liability equal to the transfer proceeds should be recognized right sir ? September 22, 2022 at 8:52 pm #667029 P2-D2KeymasterTopics: 4Replies: 7041☆☆☆☆☆Yes, if there is no sale then we still have control of the asset and continue to recognise it in our accounts. The proceeds that we have therefore received are treated as a financial liability, effectively a form of finance for us.ThanksAuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In