UNIT-OF-WORK-PERFORMED METHOD Definition

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UNIT-OF-WORK-PERFORMED METHOD is where revenue and cost of sales are recorded as units of work are delivered. This is most suitable to production-type contracts where many units of a product are produced in a continuous process, e.g. automobile manufacture.

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EMALANGENI is a currency of Swaziland.

SIMPLE JOURNAL ENTRY is a journal entry that involves only one debit and one credit in the transaction.

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