Accountancy, asked by anjaliambani1101, 3 months ago


5. Goods
sold to Ruya Enterprises for
Rs 25000/-​

Answers

Answered by revathy5813
0

Answer:

can you type full question

Answered by ItzAshleshaMane
20

Answer:

A company sells goods on credit valued at Rs. 25000 to a customer. At what point in the sales cycle should this sale be recognized in the accounts?

Explanation:

Revenue is considered to be recognized only when the legal title of the property is being transferred. Hence. sales is recognized only when the goods are physically sent and accepted by the buyer against the invoice.

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