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Revenue Recognition – (SBR Lecture)

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Revenue Recognition – (SBR Lecture)

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by Stephen Widberg.
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  • Author
    Posts
  • September 26, 2023 at 3:16 pm #692549
    simran98
    Participant
    • Topics: 23
    • Replies: 22
    • ☆

    Hi Sir,

    In your revenue recognition video, the car selling example under determination of transaction price, why are we recognition a receivable of 9070 in T1? Isnt it supposed to be only 432, as we have already recorded 8638.

    Thank you!

    September 27, 2023 at 6:52 am #692562
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3396
    • ☆☆☆☆☆

    At T0 – Dr Receivable Cr Revenue 8638
    At T1 – Dr Receivable Cr Finance income 432

    So at T1 balance on receivable will be 9070

    If that’s what you are thinking, we are saying the same thing.

    🙂

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