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1- According to IFRS 15 Revenue from contracts with customer, revenue from the sale of goods should be recognized at a single point in time when; ?

1- Goods or services have been transferred to customers2- The entity is entitled to consideration for the goods or services transferred to customers3- It is possible that the economic benefits associated with the transaction will flow to the entity4- The costs incurred or to be incurred in respect of the transaction are known with absolute certainty a-2 and4 b-1 and4 c-3 and4 d-1 and2

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Question added by khalde dsoeld , accounting , PwC
Date Posted: 2018/09/24
Muhammad Hashim Khan
by Muhammad Hashim Khan , Finance Manager & Company Secretary , DHA Cogen Limited

Option d 1 and 2

1- Goods or services have been transferred to customers

2- The entity is entitled to consideration for the goods or services transferred to customers

 

Soliman Abd  ALmalak Gendy
by Soliman Abd ALmalak Gendy , مدير ادارة مراقبة حسابات , الجهاز المركزى للمحاسبات

According to IFRS 15 ,recognize revenue when the entity satisfies a performance pbligation when a promised good or service is transferred to a customer

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