question archive Q: A 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
Subject:AccountingPrice: Bought3
Q: A 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%.
Can you please explain the financial recognition in the light of IFRS 15?