Asubmission on the revenue standard raised an issue of when revenue for variations to contracts should be
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Asubmission on the revenue standard raised an issue of when revenue for variations to contracts should be recognised. One possibility is only after each variation has been approved by the cus¬ tomer should it be recognised, whereas the other argument is that as variations are a normal part of contract work they should be recognised immediately. Discuss.
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Related Book For 
Financial Accounting And Reporting
ISBN: 9780273778172
16th Edition
Authors: Mr Barry Elliott, Jamie Elliott
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