K Ltd, sells consumable products, customers can return goods after 1 month if customers are not satisfied.When should K Ltd recognize revenue?

- Newsfeed
- Find People
- More
- - Products By Bayt.com
    
    Bayt.com
    
    Shagheel
    
    Specialities
    
    Learning
    
    Companies
    
    Salaries
    
    People
    
    Blog
- - العربية
- Use Our Mobile App
  
  Get contacted by recruiters directly with our newest chat feature!
  
  Download Now

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Next Question:
ABC Limited is a manufacturing company producing quality consumer products. All...
Posted by:
Muhammad Ahmed
17-September-2014

Question added by Kingsley Okoeguale , Controller-Finance , Hogg Robinson Nigerial Limited
Date Posted: 2015/04/15

Upvote (0) Views (0) Followers (1) Answers (1) Report Question

Write an Answer
Register now or log in to answer.

1 Answers

by Anas Dawah , Senior Internal Auditor , Talal Abu-Ghazaleh Global (TAGI)

-------------at the point of sale .

Upvote (0)

Downvote Reply () Report

Popular Searches

Engineers Jobs Sales Executive Jobs Software Engineer Jobs Accountant Jobs Sales Manager Jobs

Write Your Answer

More Questions Like This

Which of the following is not a condition which must be satisfied before revenue arising from a sale of goods may be recognized?
Top Answer: <p>Option a</p> See More

Answers (3)
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; ?
Top Answer: Option d 1 and 2 1- Goods or services have been transferred to customers 2- The entity is entitled to con ... See More

Answers (2)
Exe Ltd sells goods on credit to Wy Ltd for £3000. Which of the following accounting entries correctly records this transaction?
Top Answer: <p>b. Debit Wy Ltd, credit sales £3000</p> <p> </p> <p>When you sell goods ... See More

Answers (12)
Which of the following is a condition which must be satisfied before revenue arising from the rendering of services may be recognized?
Top Answer: b. It is certain that the economic benefits associated with the transaction will flow to the seller ... See More

Answers (4)