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Ask the Tutor ACCA FR

motor vehicles

Xxyzc3y ago
why would the sale proceeds for motor vehicles which were no longer required by the company not included in revenue. Why are they not included in revenue according to ifrs 15
P2-D2P2-D2Tutor3y ago#1
Revenue is income from the day to day operations of the business. Selling an item of PPE, here the motor vehicle would not be part of the day to day operations.
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