Sir can you please tell me discount allowed is treated as reduction in revenue or treated it as selling expense?
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FADiscount allowed
8y ago#1In future, if you want me to answer then you must ask in the Ask the Tutor Forum - this forum is for students to help each other.
It is now treated as a reduction in revenue under IFRS 15 (it used to be different). This is explained in the free lectures.
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