On $1$ September $2022,$ Tech Innovations Bhd entered into a contract with Brightline Bhd

to provide professional services consisting of customised installation and one year post

installation support service for specialised software bought by Brightline Bhd from

another company. Besides that, Brightline Bhd also purchase common software from

Tech Innovations Bhd$.$ As a means of attracting increasing sale, Tech Innovations Bhd

offers package of RM$220,000$ for all the offers.

Both common and specialised softwares were successfully installed on $1$ October $2022.$

Tech Innovations Bhd normally charged RM$80,000$ for the installed common software.

The stand$-$alone price for the customised installation and post installation specialised

software was RM$150,000$ and RM$20,000$ respectively.

As at year end $31$ December $2022,$ Tech Innovations Bhd received full payment from

Brightline Bnd by cheque for the package.

Required:

i$.$ Discuss the accounting treatment of these transactions by Tech Innovations Bhd for

the year ended $31$ December $2022$ using the five$-$step model in accordance with

MFRS $15$ Revenue from Contract with Customers.

ii$.$ Journalise the transactions above for the year ended $31$ December $2022.$