For export of goods with free on board (FOB) sales the sales revenue is to be recognized
Question:
For export of goods with free on board (FOB) sales the sales revenue is to be recognized at which point of time?
(a) When goods are dispatched from the godown of seller.
(b) When goods are handed over to the travel agent of buyer.
(c) When payment is received from buyer.
(d) None of the above.
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