Orange Pty Ltd develops and sells off-the-shelf accounting software packages. The retail price of each package is $399 (GST inclusive). Included with each purchase are "free" upgrades for a period of 12 months after the date of purchase. These upgrades can be purchased separately for $80 (GST inclusive).
At the date of purchase of the software package by a customer, Orange should record revenue of:

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The Answer of Orange Pty Ltd develops and sells off-the-shelf accounting software packages. The retail price of each package is $399 (GST inclusive). Included with each purchase are "free" upgrades for a period of 12 months after the date of purchase. These upgrades can be purchased separately for $80 (GST inclusive).
At the date of purchase of the software package by a customer, Orange should record revenue of:

Orange Pty Ltd Develops and Sells Off-The-Shelf Accounting Software Packages