CompuZone (Pty) Ltd (hereafter "CompuZone") is a company that retails advanced computer hardware for corporate clients and high-end gaming computers video gaming enthusiasts. The company has a 28 February financial year-end. Transaction with Bank-Corp CompuZone entered into a contract with a big corporate client, Bank-Corp, for the delivery of a large computer server on 1 July 2022. The contract price is R800 000. As per the contract, the customer is required to pay 50% of the R800 000 on 1 July 2022 and the remainder on 30 June 2024. CompuZone normally sells this type of large computer server for a cash selling price of R700 000. The financial manager of CompuZone believes that it should recognise R800 000 as revenue from the contract with the customer on 1 July 2022. Transaction with Ms. Finder CompuZone had incurred R1 300 in transportation costs to visit Bank-Corp and promote their services to it and a further R2 500 as a commission to an agent, Ms. Finder, who connected CompuZone and Bank-Corp. As per the contract, the agent would only earn the R2 500 commission if the contract with Bank-Corp was entered into successfully. The contract was successfully entered into on 1 July