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What transactions can be considered as of dissimilar nature in case of Barter as per SIC -31 (International AS
If a company provides online space on its site to other company & receive online space on other company should the revenue from the transaction be recognised.
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- Anonymous1 decade agoFavorite Answer
absolutely,thought that was standard practise
Source(s): business and finance - copiousLv 41 decade ago
Yes, even though it represents a "straight across" transaction, where neither party makes a profit or has an advantages from the transaction.
It should still be shown.
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