IFRS 15

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October 2, 2019 at 8:54 pm #547986
antsam31
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December 2018 question 2(b) – when recognizing revenue at a point in time. will the deposit also be recognized at a point in time? or should the deposit be recognized immediately and the remaining of the payment at a point in time?

thanks

AM
October 3, 2019 at 9:15 pm #548072
P2-D2
Keymaster
- Topics: 4
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Hi,

The deposit is shown as deferred income until control passes when it will be shown as revenue.

Thanks
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