in IFRS 15 - Revenue from Contracts with Customers by
When will telecommunication company recognize revenue, is it when airtime is bought or load

Please log in or register to answer this question.

1 Answer

0 like 0 dislike
by
When airtime is bought, the telecommunications company in effect hasn’t yet delivered any services so this amount will initially sit on the balance sheet.

Then as the airtime is utilised it can then be transferred to the Profit or loss statement and recognized as income.

Welcome to AccountantAnswer Forum, where you can ask questions and receive answers on Accounting-related questions.

Get AccountantAnswer App

Categories



...