DEF is the consignee for 1,000 units of product X for ABC Company. ABC should recognize the revenue from these 1,000 units when

Question

A. The agreement between DEF and ABC is signed.

B. ABC ships the goods to DEF.

C. DEF receives the goods from ABC.

D. DEF sells the goods and informs ABC of the sale.

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN · Answer

Answer option D >>>>>>>>>>>>>> DEF sells the goods and informs ABC of the sale.

When the knowledge/information regarding the sales passed on to the Consignor by the Consignee.,