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Consider the following situations and justify how much revenue should be recognised in the financial statements ended 31 december 2022 for each situation. Situation 1

Consider the following situations and justify how much revenue should be recognised in the financial statements ended 31 december 2022 for each situation. Situation 1 : syarikat syawal provides software subcription services. On 1 october 2022, syawal signed a contract with a customer for a one year subscription worth rm12000. The customer paid the full amount upfront

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