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Graded Discussion Board
Financial Accounting II (MGT401)
This is to inform that Graded Discussion Board (GDB) No. 02 will be opened on February 13, 2015 for discussion and last date for posting your discussion will be February 17, 2015.
Topic/Area for Discussion
This Graded Discussion Board will cover first 35 lessons.
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Topic: IAS-18 (Revenues)
IAS-18 deals with revenue, revenues recognition process and what to recognize and when to recognize? Different hypothetical situations that are near to real time circumstances of corporate world are given below. Read them carefully and highlight the amount of revenue(s) that should be recognized as per IAS-18 for each case separately:
Note: The answer of each question should not exceed 40 words.
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bhai g thora explain be kr dainy ...?
can u please elaborate it??
Ans: 1) Delux cretail price= 117
(GST) Tax 17%
Sales Tax of company = 11700000*17%=1989000
2) Gross revenue – discount
3)Company Liability =2Million –Dicount sales=16%
Guys need elaboration please..
1st case ka ans calculate kartay ve GST kidher gaya ??