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.)
(160332 Points)
Replied 25 March 2019
income apportioned for the number of years of license granted.
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