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Royalty Costs

CChinedu5y ago
Sir, How do I account for royalty costs and royalty contracts?
stephenwidbergstephenwidbergTutor5y ago#1
Normal expense. Can you refer me to the exam question that you are looking at?
CChinedu5y ago#2
Digiwire Sep /Dec 2019 Kaplan Q27
stephenwidbergstephenwidbergTutor5y ago#3
Just one revenue stream - so it's revenue (like commission) - if you look at answer it's only 2 short paragraphs. Recognise 5% of sales in period. No special rules.
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