Download presentation
Presentation is loading. Please wait.
Published byEugenia Ferguson Modified over 9 years ago
1
HKAS 18 :Revenue QUIZ: Fun
2
Q1 Not recognized. No economic inflow Q2 Contingent rent; Actual figure happen- recognized; Estimated figure – not recognized Q3 Not recognized, No transfer significant risks and rewards Q4 Not recognized. Recognized when the refund period is end. Q5. Recognized: significant risks and rewards of ownership Q6 Recognized. Transfer significant risk and reward.
3
Q7 Not recognized. It is not probable that the economic benefits will flow to the entity; and Q8 Recognized.it is probable that the economic benefits will flow to the entity; and Q9 Answer: expense (provision for Bad debt) Not adjust the original revenue originally recognized Q10 Not recognized. Cost cannot be measured reliably.
4
Q11 Answer:Dr Bank Cr Deferred revenue - liability- FP Sales of goods not recognise. Rendering of service :revenue shall be recognised only to the extent of the expenses recognised that are recoverable 可補償的. Q12 No profit is recognised. (eg.sales$10 cost $10) This answer is for rendering of service only. Rendering of service :revenue shall be recognised only to the extent of the expenses recognised that are recoverable 可補償的.
5
Q13 Revenue is not recognised and the costs incurred are recognised as an expense. Q14 Only the post-acquisition portion is recognised as revenue Q15 When dividends on equity securities are declared from pre-acquisition profits, those dividends are deducted from the cost of the securities.
Similar presentations
© 2025 SlidePlayer.com. Inc.
All rights reserved.