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Revenue

Forums › ACCA Forums › ACCA FR Financial Reporting Forums › Revenue

  • This topic has 0 replies, 1 voice, and was last updated 1 month ago by Zhaxg.
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  • February 25, 2023 at 11:00 am #679588
    Zhaxg
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    • Topics: 2
    • Replies: 0
    • ☆

    Hi, Sir. I would like to ask a question. Could you please help to explain this question? I don’t quite understand this question.

    When sales are made with a right of return, the company
    A) should not recognize any revenue.
    B) should recognize revenue for the full sales price.
    C) records the returned asset in a separate inventory account.
    D) record the estimated returns in the Sales Returns account.

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