Revenue is recognized by the consignor when the

Name: Revenue is recognized by the consignor when the
Brand: Quizplus
Rating: 5.0 (48 reviews)

Question

Quizplus · Accepted Answer

Revenue is recognized by the consignor only when they receive an account sales notification from the consignee, indicating that the goods have been sold. Until then, the consignor still owns the goods and therefore cannot recognize revenue. The other options do not necessarily signal a sale or transfer of ownership, so revenue cannot be recognized based on those events alone.

Revenue Is Recognized by the Consignor When the