Revenue from a credit sale should not be recognised until:
A) the goods have been paid for.
B) the warranty period has expired.
C) collection is reasonably assured.
D) it is certain that the goods will not be returned.

Name: Revenue from a credit sale should not be recognised until: A) the goods have been paid for. B) the warranty period has expired. C) collection is reasonably assured. D) it is certain that the goods will not be returned.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The Answer is C

Revenue from a Credit Sale Should Not Be Recognised Until