Question
Angel Limited develops and sells off-the-shelf accounting software packages. The retail price of each package is $550 (GST inclusive). Included with each package sold are
Angel Limited develops and sells off-the-shelf accounting software packages. The retail price of each package is $550 (GST inclusive). Included with each package sold are 'free' upgrades for a period of 12 months from the date of sale. These upgrades can be purchased separately for $66 (GST inclusive). At the date of sale, Angel should record revenue of:
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Financial Accounting and Reporting
Authors: Barry Elliott, Jamie Elliott
18th edition
1292162406, 978-1292162409
