In case of sale on approval basis when should revenue be recognized? (a) When goods have been

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In case of sale on approval basis when should revenue be recognized?

(a) When goods have been delivered to customer.

(b) When buyer has accepted to purchase or time for buyer’s response has expired.

(c) When payment is received from buyer.

(d) None of these.

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Financial Accounting

ISBN: 9780071078023

1st Edition

Authors: Dhanesh K. Khatri

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Question Posted: Dec 15, 2023 11:39 PM

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In case of sale on approval basis when should revenue be recognized? (a) When goods have been

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b When buyer ha...View the full answer

Financial Accounting

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