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How to treat the offer in the financial statements

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Reference no: EM132595933

Question 1: Raymond recently undertook a sales campaign whereby customer can obtain free gifts, by presenting a coupon, which has been included in an advertisement in the national newspaper, on purchase of specific electrical household appliances. The offer is valid for a limited time period from 1 January 2020 until 31 July 2020. Management is unsure as to how to treat this offer in the financial statements for the year ended 30 April 2020. Advise the management.

Reference no: EM132595933

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