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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Royalty Costs
Sir,
How do I account for royalty costs and royalty contracts?
Normal expense. Can you refer me to the exam question that you are looking at?
Digiwire Sep /Dec 2019 Kaplan
Q27
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.