Question: Please answer and explain the reasons. ST3.12 State the amount of revenue that should be reported in the current accourciltitng period and the amount to
Please answer and explain the reasons.

ST3.12 State the amount of revenue that should be reported in the current accourciltitng period and the amount to be brought forward to the next accounting perio 01' to be sold at a price of RM240,500 next year. 0:!) Goods worth RM650,000 are sold with the term 2/ 10, n/60 and are delivered to the customers in the current year. Cash received in the current year for this credit sale is RM600,000. (C) Seasonal tickets of RM45,000 for ve soccer tournaments are sold out. Three of the tournaments are conducted in the current year. (d) A contract price to build a bridge is RM8,000,000. In the current year, which is the rst year of construction, the bridge is expected to be 25% completed at the costs of RM1,500,000. Revenue is recognised based on the percentage of completion. (6) A sales executive receives an order of merchandise from a customer in the current year and the merchandise will be delivered to the customer in the coming year. The cost of the goods is RM25,000 and the selling price is RM32,750. a u . l
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