A store is selling this products on bundle. The term of payment is 15,000 on the date
Fantastic news! We've Found the answer you've been seeking!
Question:
A store is selling this products on bundle. The term of payment is 15,000 on the date of purchase and the remaining balance will be paid equally for 12 months. A contract from home credit was signed afterwards. Based on the information above, will you use PFRS 15 to recognize the profit on this sale?
Related Book For
Advanced Accounting
ISBN: 978-0538480284
11th edition
Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng
Posted Date: