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  3. Study Set
    Financial Accounting Study Set 3
  4. Exam
    Exam 13: Revenue and Expense Recognition: Additional Concepts
  5. Question
    Revenue from a Credit Sale Should Not Be Recognised Until
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Revenue from a Credit Sale Should Not Be Recognised Until

Question 4

Question 4

Multiple Choice

Revenue from a credit sale should not be recognised until:


A) the goods have been paid for.
B) the warranty period has expired.
C) collection is reasonably assured.
D) it is certain that the goods will not be returned.

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