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Manual of Accounting – IFRS for the UK 2014

Free products

In VOUCHERS, COUPONS AND CUSTOMER LOYALTY PROGRAMMES

Manual of Accounting – IFRS for the UK 2014

Author:
Global Accounting Consulting Services, PricewaterhouseCoopers LLP
Publisher:
Bloomsbury Professional
Publication Date:
2012
9.211 Some sales promotions are described as ‘buy one, get one free’ or ‘two for the price of one’, or a vendor may price products below cost to attract volume. The revenue on such transactions is the actual sales proceeds and the purchase or production cost of the ‘free’ product and ‘loss leader’ is a cost of sale. ...
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