question archive A E-Commerce based company doing a delivery business
A E-Commerce based company doing a delivery business
Subject:AccountingPrice: Bought3
A E-Commerce based company doing a delivery business. It's making contract with Restaurant to provide them delivery services Via it's own delivery app. It is charging $250 initially and providing restaurants a Tablet for order taking and photography for restaurant menu pictures to be uploaded on the delivery app. It is also giving discount of $100 on initial registration on big brand restaurants. Tablet separate selling price is $75 and photography separate price is $ 50.
It also charge a renewal fee $250 after 2 years of initial contract.
Company also charging 25% commission on each order value to the restaurant.
Please assist me for financial recognition considering IFRS 15.?
