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

A- Two conditions are met .

B- Three conditions are met .

C- Four conditions are met .

D- Five conditions are met .

Accounting Auditing Banking Sales
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Question ajoutée par Utilisateur supprimé
Date de publication: 2015/03/05
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Saifullah Shirazi
par Saifullah Shirazi , Senior Accountant , Suraj Cotton Mills Limited

All five conditions are met 

"Option" D is the right answer as per IAS18

IMTIAZUR RAHMAN
par IMTIAZUR RAHMAN , Administration And Customer Care Officer , Amira Enterprises (Importers, Marketing & Retail Sales), Mississauga, Ontario

D- Five conditions are met

aziz urrehman
par aziz urrehman , key account executive , alkhair group of companies foam manufacturing

D- Five conditions are met . as per IAS18

Khurram Shaukat Memon
par Khurram Shaukat Memon , Academic Research Writer , Freelance Academic Research Writer

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

IMRAN ALI MOHAMMED
par IMRAN ALI MOHAMMED , Accounts Officer , M/s. Euro Glazing Ltd

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

Ahmed kandil
par Ahmed kandil , Cost Controller , Battour Holding Cpompany

Answer D is the correct answer

Syed Ammar
par Syed Ammar , Senior Accounts Officer , The City Schools (Group Head office)

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

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