Revenue recognised definition
Examples of Revenue recognised in a sentence
Revenue recognised but not due for payment under the agreement is presented as unbilled revenue in the statement of financial position which will be classified as trade accounts receivable when the company is entitled to receive payment without conditions such as when the company's service is complete and work is delivered to the customer.
Revenue recognised in relation to contract balances In quarter 3, 2022, the Group recognised the items that were included in Unrecognised income on installments due at the beginning of the year of Baht 53.66 million as the revenue in the statement of comprehensive income, Separate financial statements Baht 53.25 million.
Revenue recognised in relation to contract balances In quarter 1, 2022, the Group recognised the items that were included in Unrecognised income on installments due at the beginning of the year of Baht 0.63 million as the revenue in the statement of comprehensive income, Separate financial statements Baht 0.22 million.