Question

goods sold on approval basis are treated in what way in trading and profit and loss accounts ​

Answer 1

Answer:

$\underline{\huge{Answer:-}}$

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.

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Answer 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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