Most welcome. Please take a look at my website: farhatlectures.com/ then choose your course.
@peakptosecretary54122 жыл бұрын
How do we account for Commissions under this new Revenue recognition method?
@AccountingLectures2 жыл бұрын
Please visit my website for more resources farhatlectures.com/
@jamesbondani3 жыл бұрын
Point 4. This should be FALSE. Because the customer has not made any contract and he is buying the shirt by paying cash without contract.
@huoshhuosh54083 жыл бұрын
It should be true, since the delivery obligation is met. (The contract doesn't have to be a physical thing. In this case the contract is very easy, take the shirt you like, check out and it is yours!)
@Bullydallas2 жыл бұрын
True. There was an offer by the seller of a product (shirt) and acceptance of the offer buyer who paid for it (shirt). That constitutes a contract. (implied by the actions of the two parties (buyer and the seller) for a consideration (price paid) for the shirt.