REVENUE RECOGNITIONSForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › REVENUE RECOGNITIONSThis 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 July 13, 2021 at 3:47 pm #627634 shaunak22ParticipantTopics: 220Replies: 41☆☆☆When a contract is in loss(ONEROUS CONTRACT) the whole loss amount is recognized as provision? July 14, 2021 at 8:48 pm #627768 P2-D2KeymasterTopics: 4Replies: 6898☆☆☆☆☆Yes, that is correct as the cost of fulfilling the contract exceeds the benefits of continuing with it.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