Solution-Explain the financial recognition in the light of

Explain the financial recognition in the light of ifrs

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Reference no: EM132606783

E-Commerce based company running a delivery service business, providing restaurant a delivery service and order service through its online application on which customer orders to restaurants.

Delivery Company take order from customers and send it directly to the restaurant through a tablet given to restaurants.
It charges restaurants 25% commission on order value and also deliver the order to customer through its fleet.
It also charges $1 to customer for each delivery.
It charges 2.5% to restaurant against bank charges if customer pays via credit or debit card, while it pays 1.5% to bank actually.
Some restaurants do their own delivery so company charge them only for order commission which is 10% instead of 25%.

Question 1: Explain the financial recognition in the light of IFRS 15?

Reference no: EM132606783

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Explain the financial recognition in the light of ifrs : Explain the financial recognition in the light of IFRS 15? E-Commerce based company running a delivery service business, providing restaurant a delivery service

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Explain the financial recognition in the light of ifrs

Reference no: EM132606783

Reference no: EM132606783

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