IFRS 15 | Accounting Standards| ICAG Lectures |ACCA|ICAG|CIMA|CFA|CPA - Nhyira Premium (Part 2)

[@NhyiraPremium]

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[@lebojoseph1087]

Hello, kindly explain why we didn't recognise revenue based on the 70% completion = I got 45000 x 70% which is 31500

[@lebojoseph1087]

On the first question

[@NhyiraPremium]

Watch the video well, that was explained. Thank you

[@lebojoseph1087]

My question is why is Revenue equivalent to the work certified and not recognized on the percentage completion? I hope you understand what I am trying to say
I'll go through the video again. Thank you