HGT sells IT software and three-year support contracts. Sales of software for the current year amounted to

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HGT sells IT software and three-year support contracts. Sales of software for the current year amounted to H$500,000. Support contracts, sold independently of the software, amounted to a total of H$60,000 on the first day of the year. Calculate the amount HGT should recognise as total revenue for the current year. Give your answer to the nearest whole H$,000. Do not include symbols, commas or letters in your response

Posted Date: May 18, 2024 11:06 AM

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HGT sells IT software and three-year support contracts. Sales of software for the current year amounted to

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