According to IPSAS 9 'Revenue from exchange transactions', revenue from the sale of goods should be recognised when: (i) The entity has transferred to the buyer the significant risks and rewards of ownership (ii) The amount of revenue can be reliably measured (iii) It is probable that the economic benefits associated with the transaction will flow to the entity (iv) The costs incurred or to be incurred in respect of the transaction can be reliably measured Please select the right answer. Sorry, your answer was not correct! (i) only (i) and (ii) (i), (ii) and (iii) (i), (ii), (iii) & (iv) 5/25