How to recognise revenue? 5 Steps of revenue recognition.
AnswerBot
7mo
Revenue recognition is the process of identifying and recording revenue earned in a specific period.
Identify the contract with the customer
Identify the performance obligations in the contract
Determine...read more
Anonymous
8mo
1. Identify the contract
2. Separate performance obligations.
3. Determine transaction price.
4. Allocate transaction price
5. Recognise revenue.
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