MYOB Limited develops and sells accounting software. The retail price of each package is $2640 (GST inclusive). Included with each software sold are upgrades for a period of 12 months from the date of sale. These upgrades can be purchased separately for $220 (GST inclusive).

At the date of sale, MYOB should record revenue of?

Answer rating: 100% (QA)

At the date of sale MYOB should record revenue for the portion related to the initial sale of the so... View the full answer