Revenue Is Earned When
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Revenue is earned when. This is because they are providing a service to their customers each month for the entire year. Ptcl group earned revenue of rs 68 5 billion during the reported period showing an increase of 5 percent over the same period last year. Each month the the life of the annual contract acme may recognize 1 000 of earned revenue. In determining the percentage of completion different factors are considered to measure the progress made and to calculate the amount of revenue earned.
Revenues for ongoing services such as custom projects or research and development contracts are generally recognized based on the percentage of completion. You can find an example of how to calculate deferred revenue as well as other useful. Ptcl shows strong financial quarterly results the hmc in the current financial year under review has reportedly earned revenue of about rs 2 billion and has attained a break even by earning a nominal profit. The revenue can only be earned over time.
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