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Ind as 115

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(Querist)
15 September 2016 "Ind AS 115 does not apply to "Non monetary exchanges between entities in the same line of business to facilitate sales to customers or potential customers."

Please explain.
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CA Amrita Chattopadhyay

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CA Amrita Chattopadhyay (Expert)
16 September 2016 This could be kind of transactions where one company can recommend another company for certain services in the same line of business. In these transactions commission is not charged for the purpose of providing reference or contacts to another company
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Payal

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Payal (Querist)
16 September 2016 Thanks CA Amrita for resolving my query
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