n Professional Accountant - Recognition and treatment of settlement discount for sale of goods transactions - : accounting technical

Volume 2015, Issue 26
  • ISSN : 1680-7537


Revenue is an important figure to the users of financial statements, especially when analysing the performance of the business for decision-making. The question relating to settlement discount is whether the amount should be written off against the revenue amount to reflect the gross revenue or whether it should be treated as operating expenses. The difference in the treatment may significantly affect the analysis of the performance of the business.

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