CERTYNEX IFRS ACADEMY

Ambrel sells a set of furniture to a customer. The invoice amounts to 12,000, including 2,000 of sales tax that Ambrel collects on behalf of the State (case datum). What is the transaction price?

12,000, the total amount invoiced to the customer.

10,000, the consideration excluding the tax collected on behalf of the State.

14,000, the amount invoiced plus the tax.

2,000, the amount of tax collected.