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6 September, 06:05

The transaction price excludes discounts, volume rebates, coupons and free products, or services.

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  1. 6 September, 09:51
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    d. is the amount of consideration that a company expects to receive from a customer.

    Explanation:

    The price of the transaction is the expected amount that the customer receives to transfer the goods and services. This transaction price depends on the project being completed.

    The transaction price plays a major role in recognizing the revenue as it specifies the contract with the customer, performance obligations, after which only the transaction price is evaluated, then the allocation is done and finally revenue is recognized
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