How should revenue from licence fees be recognised if licence period is more than 1 year. Licence involves right to use/ access online content which is delivered on day 1 i.e. performance obligation is complete at a point of time.
Chinmayee Khale (Senior Associate) (52 Points)
25 March 2019How should revenue from licence fees be recognised if licence period is more than 1 year. Licence involves right to use/ access online content which is delivered on day 1 i.e. performance obligation is complete at a point of time.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(170798 Points)
Replied 25 March 2019
income apportioned for the number of years of license granted.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)