Which of the following is not a condition in identifying the contract with the customer as per IFRS 15?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Which of the following is not a condition in identifying the contract with the customer as per IFRS 15?
The entity and the customer have approved the contract and are committed to perform their contractual obligations
It is certain that the entity will collect the consideration to which it is entitled
Each party's rights with regard to the goods or services concerned can be identified
The payment terms can be identified
EN
2时 6 l
Transcribed Image Text:Which of the following is not a condition in identifying the contract with the customer as per IFRS 15? The entity and the customer have approved the contract and are committed to perform their contractual obligations It is certain that the entity will collect the consideration to which it is entitled Each party's rights with regard to the goods or services concerned can be identified The payment terms can be identified EN 2时 6 l
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