Accountancy, asked by pravinambre508, 5 months ago

Revenue on account of sale of goods should be recognised


Answers

Answered by taehyung24
5

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Revenue is recognised when all the following conditions have been satisfied (2): (a) The seller has transferred the significant risks and rewards of ownership of the goods to the buyer. (e) The costs incurred or to be incurred by the seller in respect of the transaction can be measured reliably.

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