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Challenges›Northwind Tech - Revenue Recognition: Multiple Performance Obligations, Advances and Consignment

Journal EntryhardIAS/IFRS

Northwind Tech - Revenue Recognition: Multiple Performance Obligations, Advances and Consignment

Merchandising Transactions Revenue Recognition

Question

Northwind Tech sells industrial machines and related maintenance services, and uses a perpetual inventory system. The following events occurred during 2025. Date Event January 2 Sold a machine bundled with a 2-year maintenance plan to Meridian Foods

Scoring

40% Account naming / line matching
40% Amount correctness
20% Structure / section placement

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