alleryStart learning →Delivery is delayed at buyer's request and buyer accepts billing. When is revenue booked?
AAfter one year
BIf goods are ready
COnly on delivery
DOnly on cash
Answer & Solution
Correct answer: B. If goods are ready
Revenue is recognised if the goods are on hand, identified and ready for delivery and delivery is expected.
Keep practising Revenue Recognition (AS 9)
Browse all Revenue Recognition (AS 9) questions for CA Inter, or explore more Accounting topics.
Related questions
Sales of Rs 1,00,000 carry a 2% volume rebate given. Revenue is what?A consignor sends 100 units at Rs 500; the consignee sold 60. Consignor's revenue?Membership fee giving only membership, with a separate annual subscription, is booked whenFees of Rs 36,000 cover a 9-month course. Revenue for 3 months is what?Fees for a season ticket to many events are allocated how?Trade discounts received are not revenue because they are what?Trade discounts and volume rebates given are treated how?Interest on an instalment sale is recognised in proportion to what?