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How should the revenue be recognised

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Question - A contract for the rendering of services is entered into on 1 May 2020. The services are delivered continuously over a 1-year period commencing on 15 May 2020. The buyer pays for all the services on 30 May 2020.

How should the revenue be recognised?

Over the year commencing 30 May 2020 on a straight-line basis

Over the year commencing 15 May 2020 on a straight-line basis

15 May 2020

30 May 2020

None of these

Reference no: EM132571308

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