For installment sales, IFRS separate the installments into the sale price, which is [...], and an interest component.
Answer
the discounted present value of the installment payments
If you want to change selection, open original toplevel document below and click on "Move attachment"
Parent (intermediate) annotation
Open it For installment sales, IFRS separate the installments into the sale price, which is the discounted present value of the installment payments, and an interest component.
Original toplevel document
3.2.2. Installment Sales rvices are rendered, independent of the period in which cash payments for those goods or services are received. This principle applies even to installment sales —sales in which proceeds are to be paid in installments over an extended period. <span>For installment sales, IFRS separate the installments into the sale price, which is the discounted present value of the installment payments, and an interest component. Revenue attributable to the sale price is recognized at the date of sale, and revenue attributable to the interest component is recognized over time.18 International standards note, how
Summary
status
not learned
measured difficulty
37% [default]
last interval [days]
repetition number in this series
0
memorised on
scheduled repetition
scheduled repetition interval
last repetition or drill
Details
No repetitions
Discussion
Do you want to join discussion? Click here to log in or create user.