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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › correction of errors
i dont understant how the answer on (CHAPTER 17 QUESTION 4) was arrived at. The one on SALE or RETURN goods for $2 500 to James and he returned half of the goods in good condition. the goods having costed $1 500. am thinking the right answer should be option B
The answer in the Course Notes is correct.
As at the year end of 31 October the customer had not accepted any of the goods (that did not happen until November) and therefore as at 31 October there had been no sale and all of the goods still belonged to James.
thanx very much
You are welcome 🙂