What should revenue be recognised are there exceptions to the general rule sg 1?
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Revenue should be recognised when sales take place either in cash or credit and/or right to receive income from any source is established. ... Income is recognised on proportionate basis of work certified and not on the completion of contract.
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Revenue should be recognised when sales take place either in cash or credit and/or right to receive income from any source is established. ... Income is recognised on proportionate basis of work certified and not on the completion of contract.
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