When Is Revenue Recognized By A Merchandiser
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In accordance with generally accepted accounting principles when a buyer has a right to return a product in the future in accordance with formal or informal agreement a seller may or may not be able to recognize revenue at the time of sale.
When is revenue recognized by a merchandiser. Add your answer and earn points. Revenue is calculated by multiplying the number of units sold with the average price of the merchandise. Either on the date the customer takes possession of the merchandise or the date on which the customer pays d. By a manufacturer 1 see answer nikkiriverapagayanan is waiting for your help.
Sales return is the return of merchandise by a customer. If a customer returns any items of merchandise the store separately records such transaction on its books. Revenue refers to earnings received from the selling of products or services. The seller can record the sales revenue at the time of sale if the seller can estimate the rate.
When is revenue recognized by a service provider. When the customer takes possession of the merchandise if sold for cash or when payment is received if sold on credit b.
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