Ex. 1					Ex. 4						Ex. 7					Ex. 8						
Scenario a: trade discount						Contract price (premium)	" 100,000 "					Contract price (premium)	" 2,000 "				Contract price (premium)	 TC direct * 1.4 				
	Db. AR/Bank	" 40,000 "				Total costs 	" 60,000 "	initial estimate				Total costs 	" 1,200 "	initial estimate			if Total costs 	" 2,000 "	initial estimate	=>	Total revenue	" 2,800.0 "
	Cr. Revenue	" 40,000 "											" 1,250 "	actual costs								
																						
Scenario b: settlement discount					As per date of signing the contract						Scenario a: YE is 31/12					As per 31/12/20X1						
	Db. AR	" 50,000 "				Db. AR/Bank	" 100,000 "				As per date of signing the contract						Db. AR	" 1,463 "				
	Cr. Revenue (PL)	" 50,000 "				Cr. Deferred income (DI)	" 100,000 "					Db. AR	" 2,000 "				Cr. Revenue	" 1,463 "				
												Cr. Deferred income (DI)	" 2,000 "									
	When payment in full is received (case 1):				As per 31/12/20X1												Db. Costs	" 1,045 "				
						Db. DI	" 76,923 "				As per 31/7/20X1						Cr. Other liabilities	" 1,045 "				
	Db. Bank	" 50,000 "				Cr. Revenue	" 76,923 "					Db. DI	" 2,000 "									
	Cr. AR	" 50,000 "										Cr. Revenue	" 2,000 "									
						Db. Costs	" 50,000 "									As per 31/7/20X1						
	Db. Discount allowed (PL)	" 5,000 "				Cr. Other liabilities	" 50,000 "					Db. Costs	" 1,250 "				Db. AR	" 1,057 "				
	Cr. Bank	" 5,000 "										Cr. Other liabilities	" 1,250 "				Cr. Revenue	" 1,057 "				
					PL_1																	
	When payment reduced by discount is received (case 2):					Revenue	" 76,923 "										Db. Costs	 955 				
		 -   				Costs	" (50,000)"				Scenario b: YE is 30/6						Cr. Other liabilities	 955 				
	Db. Bank	" 45,000 "					" 26,923 "				As per date of signing the contract											
	Cr. AR	" 45,000 "			BS_1							Db. AR/Bank	" 2,000 "									
					Bank	" 100,000 "	Other liabailities 	" 50,000 "				Cr. Deferred income (DI)	" 2,000 "									
	Db. Discount allowed (PL)	" 5,000 "					DI	" 23,077 "														
	Cr. AR	" 5,000 "					Business result for the year	" 26,923 "			As per 30/6/20X1											
						" 100,000 "		" 100,000 "				Db. DI	" 1,333 "									
												Cr. Revenue	" 1,333 "									
	5% pm =>	0.004166667																				
Scenario c: IFC (interest-free credit)					Ex. 5							Db. Costs	 800 									
	Db. AR	 497.93 				Contract price (premium)	" 10,000 "					Cr. Other liabilities	 800 									
	Cr. Revenue	 497.93 				Duration of contract	 24 months 	=>	6 months in year 1 and year 3 + 12 months in year 2													
																						
											As per 31/7/20X1											
Ex.2			per month		As per 31/1/20X1							Db. DI	 667 									
						Db. AR/Bank	" 10,000 "					Cr. Revenue	 667 									
						Cr. Deferred income (DI)	" 10,000 "															
Scenario a: 	Nothing is recognized as revenue due to contingency											Db. Costs	 450 									
					As per 30/6/20X1							Cr. Other liabilities	 450 									
						Db. DI	" 2,500 "															
Scenario b: 						Cr. Revenue	" 2,500 "															
	Db. AR/Bank	" 12,000 "																				
	Cr. Revenue	" 12,000 "			As per 30/6/20X2																	
						Db. DI	" 5,000 "															
Ex. 3	Contract price (premium)	" 10,000 "				Cr. Revenue	" 5,000 "															
	Total costs 	" 4,000 "																				
		because service is delived every 6 months during 2 year period			As per 30/6/20X3																	
						Db. DI	" 2,500 "															
As per 31/1/20X1						Cr. Revenue	" 2,500 "															
	Db. Bank	" 10,000 "																				
	Cr. Deferred income (DI)	" 10,000 "																				
					Ex. 6																	
As per 30/6/20X1						Contract price (premium)	" 10,000 "															
	Db. DI	" 2,500 "				Cost profile:	 1000 in year 1 and year 2 + 3000 in year 3 => total costs of 5000 															
	Cr. Revenue	" 2,500 "																				
																						
	Db. Costs	" 1,000 "			As per 31/1/20X1																	
	Cr. Other liabilities	" 1,000 "				Db. AR/Bank	" 10,000 "															
						Cr. Deferred income (DI)	" 10,000 "															
As per 31/12/20X1																						
	Db. DI	" 2,500 "			As per 31/12/20X1																	
	Cr. Revenue	" 2,500 "				Db. DI	" 2,000 "															
						Cr. Revenue	" 2,000 "															
	Db. Costs	" 1,000 "																				
	Cr. Other liabilities	" 1,000 "			As per 31/12/20X2																	
						Db. DI	" 2,000 "															
PL_1						Cr. Revenue	" 2,000 "															
	Revenue	" 5,000 "																				
	Costs	" (2,000)"			As per 31/12/20X3																	
		" 3,000 "				Db. DI	" 6,000 "															
BS_1						Cr. Revenue	" 6,000 "															
Bank	" 10,000 "	Other liabailities 	" 2,000 "																			
		DI	" 5,000 "																			
		Business result for the year	" 3,000 "																			
	" 10,000 "		" 10,000 "