According to IFRS , Revenue recognition for a sale of goods occur when :

Question

A- Two conditions are met .

B- Three conditions are met .

C- Four conditions are met .

D- Five conditions are met .

Saif ullah · Answer

All five conditions are met

"Option" D is the right answer as per IAS18

IMTIAZUR RAHMAN · Answer

D- Five conditions are met

aziz urrehman · Answer

D- Five conditions are met . as per IAS18

Khurram Shaukat Memon · Answer

Well when five conditions for revenue recognition are met, only then revenue generated from sale of goods could be recorded.

IMRAN ALI MOHAMMED · Answer

All the5 conditions have to be met inorder to be considered as revenue as per IFRS.

Ahmed kandil · Answer

Answer D is the correct answer

Syed Ammar · Answer

............A- Two conditions are met .