Discount allowed

This topic has 1 reply, 2 voices, and was last updated 7 years ago by John Moffat.

Viewing 2 posts - 1 through 2 (of 2 total)

Author

Posts
August 5, 2018 at 5:45 pm #466319
zony123
Participant
- Topics: 32
- Replies: 18
Sir can you please tell me discount allowed is treated as reduction in revenue or treated it as selling expense?
August 6, 2018 at 7:12 am #466358
John Moffat
Keymaster
- Topics: 57
- Replies: 54856
In 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.
Author

Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.