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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.

2 Answers

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  • Anonymous
    1 decade ago
    Favorite Answer

    absolutely,thought that was standard practise

    Source(s): business and finance
  • 1 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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