goods sold on approval basis are treated in what way in trading and profit and loss accounts
Answers
Answered by
80
Answer:
Goods Sold on Sale or Approval Basis:
If the customer approves it, then it becomes a sale. If the customer does not approve it, then the sale is not complete and hence cannot be treated as sales.
Answered by
2
Explanation:
Goods Sold on Sale or Approval Basis:
If the customer approves it, then it becomes a sale. If the customer does not approve it, then the sale is not complete and hence cannot be treated as sales.
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