Revenue recognition on good of return basis

Dear Mike, It is not clear the accounting treatment for good sold on return basis Let say that a company sell $1000 goods on return basis, cost 900 Am I right to say that the accounting treatment is a follow? When goods are sold (shipped to the customer) Dr: Receivable 1000 Cr Sale 1000 Dr Cost of sale 900 Cr Inventory 900 At the end of the year if the customer has not confirmed to accept the goods Dr: Sale 1000 Cr Receivable 1000 Dr Inventory 900 Cr Cost of sale 900 Thanks for your help Gabbi