1. Which of the following items does NOT represent the correct accounting treatment in accordance with IFRS 15 revenue from contracts with customers?
A) Treating a sale and repurchase as a lone rather than a sale, if control over the goods has not passed to the buyer
B) where a sale agreement has a significant financing component recognizing the initial sale of the present value
C) when a package of goods are sold together at discount, applying the discount toward parts if none are ever sold separately at a discount
D) recognizing no revenue in relation to a three year service contract until the service is completed at the end of the third year
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IFRS 15 help
I think answer should be d option.
As in service contract , revenue should be recognised over the time not at the end of third year . So every three year revenue should be recognised related to service contract according to time.
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