If a co. sells goods on a sale or return basis to a retailer, does it have to know whether the goods were sold again by the retailer to recognise the sale?
Ask the Tutor ACCA FR
Ias 18
13y ago#1Yes
Does the retailer have the right to refuse any disclosure concerning its sale and if so what does the co. do if it is not sure whether or not the goods will be returned?
13y ago#3Only in the same way that an agent would be able to ..... so "No"
The retailer, on a sale or return basis, will have to render an "Account Sales" to the wholesaler and account to the wholesaler the amount due net of the retailer's commission.
The retailer, on a sale or return basis, will have to render an "Account Sales" to the wholesaler and account to the wholesaler the amount due net of the retailer's commission.
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