أنشئ حسابًا أو سجّل الدخول للانضمام إلى مجتمعك المهني.
X purchases a house for $100. On Aug1, the sale contract is signed by X which states that the transfer of ownership will occur on1 Oct11. On Nov30, $100 is paid to the seller of the house.
On1 Oct11, IAS36 allows to book the asset when the risks and rewards transferred in the transaction. Contract is a binidng thing as per law which confirms the transfer of risks and rewards.