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 * 1.4 				
	Db. AR	400				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	400											" 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	500				Db. AR/Bank	" 100,000 "				As per date of signing the contract						Db. AR	" 1,463 "				
	Cr. Revenue	500				Cr. Deferred income (DI)	" 100,000 "					Db. AR/Bank	" 2,000 "				Cr. Revenue	" 1,463 "				
												Cr. Deferred income (DI)	" 2,000 "									
	Db. Discount allowed	50			As per 31/12/20X1												Db. Costs	" 1,045 "				
	Cr. AR	50				Db. DI	" 76,923 "				As per 31/7/20X1						Cr. Other liabilities	" 1,045 "				
						Cr. Revenue	" 76,923 "					Db. DI	" 2,000 "									
Scenario c: IFC (interest-free credit)												Cr. Revenue	" 2,000 "									
	5% pm =>	0.004166667	per month			Db. Costs	" 50,000 "									As per 31/7/20X1						
						Cr. Other liabilities	" 50,000 "					Db. Costs	" 1,250 "				Db. AR	" 1,057 "				
	Db. AR	 497.93 										Cr. Other liabilities	" 1,250 "				Cr. Revenue	" 1,057 "				
	Cr. Revenue	 497.93 			PL_1																	
						Revenue	" 76,923 "										Db. Costs	 955 				
						Costs	" (50,000)"				Scenario b: YE is 30/6						Cr. Other liabilities	 955 				
Ex.2							" 26,923 "				As per date of signing the contract											
Scenario a: 					BS_1							Db. AR/Bank	" 2,000 "									
	Nothing is recognized as revenue due to contingency				Bank	" 100,000 "	Other liabailities 	" 50,000 "				Cr. Deferred income (DI)	" 2,000 "									
							DI	" 23,077 "														
Scenario b: 							Business result for the year	" 26,923 "			As per 30/6/20X1											
	Db. AR/Bank	" 12,000 "				" 100,000 "		" 100,000 "				Db. DI	" 1,333 "									
	Cr. Revenue	" 12,000 "										Cr. Revenue	" 1,333 "									
																						
					Ex. 5							Db. Costs	 800 									
Ex. 3						Contract price (premium)	" 10,000 "					Cr. Other liabilities	 800 									
	Contract price (premium)	" 10,000 "				Duration of contract	 24 months 	=>	6 months in year 1 and year 3 + 12 months in year 2													
	Total costs 	" 4,000 "																				
		because service is delived every 6 months during 2 year period									As per 31/7/20X1											
					As per 31/1/20X1							Db. DI	 667 									
As per 31/1/20X1						Db. AR/Bank	" 10,000 "					Cr. Revenue	 667 									
	Db. Bank	" 10,000 "				Cr. Deferred income (DI)	" 10,000 "															
	Cr. Deferred income (DI)	" 10,000 "										Db. Costs	 450 									
					As per 30/6/20X1							Cr. Other liabilities	 450 									
As per 30/6/20X1						Db. DI	" 2,500 "															
	Db. DI	" 2,500 "				Cr. Revenue	" 2,500 "															
	Cr. Revenue	" 2,500 "																				
					As per 30/6/20X2																	
	Db. Costs	" 1,000 "				Db. DI	" 5,000 "															
	Cr. Other liabilities	" 1,000 "				Cr. Revenue	" 5,000 "															
																						
As per 31/12/20X1					As per 30/6/20X3																	
	Db. DI	" 2,500 "				Db. DI	" 2,500 "															
	Cr. Revenue	" 2,500 "				Cr. Revenue	" 2,500 "															
																						
	Db. Costs	" 1,000 "																				
	Cr. Other liabilities	" 1,000 "			Ex. 6																	
						Contract price (premium)	" 10,000 "															
PL_1						Cost profile:	 1000 in year 1 and year 2 + 3000 in year 3 => total costs of 5000 															
	Revenue	" 5,000 "																				
	Costs	" (2,000)"																				
		" 3,000 "			As per 31/1/20X1																	
BS_1						Db. AR/Bank	" 10,000 "															
Bank	" 10,000 "	Other liabailities 	" 2,000 "			Cr. Deferred income (DI)	" 10,000 "															
		DI	" 5,000 "																			
		Business result for the year	" 3,000 "		As per 31/12/20X1																	
	" 10,000 "		" 10,000 "			Db. DI	" 2,000 "															
						Cr. Revenue	" 2,000 "															
																						
					As per 31/12/20X2																	
						Db. DI	" 2,000 "															
						Cr. Revenue	" 2,000 "															
																						
					As per 31/12/20X3																	
						Db. DI	" 6,000 "															
						Cr. Revenue	" 6,000 "