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Question added by Abu Bakar Ashfaq, Senior Consultant , PricewaterhouseCoopers Middle East - 8 years ago

On 1st January 2016, Mr. S sold goods to Mr. B for AED 100,000 and agreed to receive payments on installment of AED 10,000 per year. Market rate of interest is 10%. As per IAS 18, What is the accounting treatment of the above transaction for year 2016 and 2017?

Accounting

Financial Reporting

IFRS

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