Under IFRS, goods sold under Bill and Hold provisions must be on hand and ready for immediate delivery if revenue is to be recognized.

Question

Quizplus · Accepted Answer

Under IFRS, for revenue to be recognized for goods sold under bill and hold arrangements, the goods must be separately identified as belonging to the buyer and must be ready for physical transfer, even if delivery is delayed at the buyer's request.

Under IFRS, Goods Sold Under Bill and Hold Provisions Must