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Financial Reporting ind As 115

Accountancy

If entity 1) Export for â?¹100 2) Domestic sale for same good at 10%discount Then how to recognise revenue , for domestic sales What should be transaction price 100 or 90 For domestic sales???

Teena Goyal

Teena Goyal

CA Final

★ 0

12-Apr-21 08:33

492

Answers (3)

90

CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

12-Apr-21 12:04

CA Suraj Lakhotia Admin

90

Thanks sir and can we recognise export at 100 ?

Thread Starter

Teena Goyal

Teena Goyal

CA Final

★ 0

12-Apr-21 12:56

Yes

CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

12-Apr-21 13:43

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