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Royalty Costs

This topic has 3 replies, 2 voices, and was last updated 1 year ago by Stephen Widberg.

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June 7, 2021 at 5:39 pm #623723
chinedu123
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Sir,
How do I account for royalty costs and royalty contracts?
June 8, 2021 at 5:26 am #623809
Stephen Widberg
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Normal expense. Can you refer me to the exam question that you are looking at?
June 8, 2021 at 1:21 pm #623892
chinedu123
Member
- Topics: 17
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Digiwire Sep /Dec 2019 Kaplan
Q27
June 8, 2021 at 3:26 pm #623922
Stephen Widberg
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- Topics: 12
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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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