Under IFRS,companies offering sales discounts must adjust the original amount of the sales revenue by the expected sales discount.

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Under IFRS, companies must adjust the original amount of sales revenue by the expected sales discount in order to accurately report the net revenue earned from the transaction. This adjustment is necessary because sales discounts represent a reduction in the original price negotiated between the buyer and seller, and therefore should be reflected in the financial statements.

Under IFRS,companies Offering Sales Discounts Must Adjust the Original Amount