June 2025 ACCA Exam Results

Comments & Instant poll >>

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for June 2025 exams.
Get your discount code >>

REVENUE RECOGNITIONS

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

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
July 14, 2021 at 8:24 pm #627753
shaunak22
Participant
- Topics: 220
- Replies: 41
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
Keymaster
- Topics: 4
- Replies: 7172
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.
Thanks
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.