Skip to main content
IFRS Academy

CERTYNEX IFRS ACADEMY

Search the Academy

Home
My learning path
Exercises & quizzes
Cases
Workpapers
Exams
My progress

CalculationIntermediateVariant — group VG.IFRS15.000308Published

Question · Non-cash consideration and consideration payable to a customer

In 20X1, the fruit juice maker Laurac delivers products invoiced at 400,000 to the store chain Distrimax. To obtain new shelf space, it pays Distrimax 20,000 during the year, without receiving any distinct good or service (given conclusion). Compute the revenue for 20X1 from this contract.

Invoiced sales
400,000
Amount paid to the customer
20,000
Your answer

← Back to the concept