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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › IFRS 15 – Revenue recognition
Dear Stephen,
If for instance we agree with customer to collect 50% of receivable in cash and 50% to be converted into a number of shares calculated by value of invoice * amount a, should we recognise full amount of revenue (100%) , 50% of invoice or ?
Thanks!
Peter
Dr Receivable
Cr Revenue
100% of invoice amount
(Answers given for exam purposes only)
