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Royalty Costs

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Royalty Costs

  • This topic has 3 replies, 2 voices, and was last updated 1 year ago by Stephen Widberg.
Viewing 4 posts - 1 through 4 (of 4 total)
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  • June 7, 2021 at 5:39 pm #623723
    chinedu123
    Member
    • Topics: 17
    • Replies: 34
    • ☆☆

    Sir,

    How do I account for royalty costs and royalty contracts?

    June 8, 2021 at 5:26 am #623809
    Stephen Widberg
    Keymaster
    • Topics: 12
    • Replies: 2843
    • ☆☆☆☆☆

    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
    • Replies: 34
    • ☆☆

    Digiwire Sep /Dec 2019 Kaplan

    Q27

    June 8, 2021 at 3:26 pm #623922
    Stephen Widberg
    Keymaster
    • Topics: 12
    • Replies: 2843
    • ☆☆☆☆☆

    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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