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How much relating to this transaction palatulan recognize

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Question - On July 1, 2022, The Palatulan Company, a manufacturer of office furniture, supplied goods to The Masion Company for P120,000 on condition that this amount was paid in full on July 1, 2023. Masion had earlier rejected an alternative offer from Palatulan whereby they could have bought the same goods by paying cash of P108,000 on July 1, 2022. Under PFRS 15, how much relating to this transaction should Palatulan recognize in profit or loss in respect of revenue and interest income for the year ended June 30, 2023?

Reference no: EM133185349

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