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REVENUE RECOGNITIONS

This topic has 1 reply, 2 voices, and was last updated 4 years ago by P2-D2.

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July 14, 2021 at 8:24 pm #627753
shaunak22
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sir why is cost of completing a contract whose revene will be recognized over a period of time capitalized and not accounted for in pnl?
July 14, 2021 at 8:54 pm #627771
P2-D2
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We are constructing an asset for the customer, so as it is built then we need to show this in the accounts prior to it being transferred to the customer.
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