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please put in screnshot of answers and show formulas and calculations and explanations ty. B) Venus Ltd has a contract to supply catering services to
please put in screnshot of answers and show formulas and calculations and explanations ty.
B) Venus Ltd has a contract to supply catering services to a retail company and it is to be supplied evenly over two year period from 1 Oct 2017- 31 Sep 2019. The agreed contract price is 240,000. The year end is 31 Dec. Identify what to recognize in Income Statement for 31 Dec 2018? C) A furniture retailer sells goods to a customer for 80,000 on 1 January 2020 Delivery will take place immediately and the company has given the customer an interest-free credit period of 36 months. Discount rate is 6%. What is recognized for the year-end 31 Dec 2020. B) Venus Ltd has a contract to supply catering services to a retail company and it is to be supplied evenly over two year period from 1 Oct 2017- 31 Sep 2019. The agreed contract price is 240,000. The year end is 31 Dec. Identify what to recognize in Income Statement for 31 Dec 2018? C) A furniture retailer sells goods to a customer for 80,000 on 1 January 2020 Delivery will take place immediately and the company has given the customer an interest-free credit period of 36 months. Discount rate is 6%. What is recognized for the year-end 31 Dec 2020Step by Step Solution
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