Revenue from sales where the buyer has the right of return can only be recognized after the return period has expired.

Name: Revenue from sales where the buyer has the right of return can only be recognized after the return period has expired.
Brand: Quizplus
Rating: 4.8 (32 reviews)

Question

Quizplus · Accepted Answer

Revenue from sales with a right of return can be recognized at the time of sale, provided the seller can reasonably estimate future returns. The seller should also reduce revenue by an estimate of the returns based on historical data and other relevant factors.

Revenue from Sales Where the Buyer Has the Right of Return