In the case of sales where the customer is billed before delivery of the goods, the seller should always recognize revenue before the products are delivered to the customer. the goods belong to the...



In the case of sales where the customer is billed before delivery of the goods,







  • the seller should always recognize revenue before the products are delivered to the customer.





  • the goods belong to the customer and revenue recognition is deferred until delivery.





  • the seller may recognize revenue if control of the goods has been transferred to the customer even though physical delivery has not taken place.





  • revenue will not be recognized until the goods are shipped to the customer.






Jun 10, 2022
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