Which of the Following Statements Is Not in Accordance with IASB

Multiple Choice

Which of the following statements is not in accordance with IASB (2011) Revenue from Contracts with Customers with respect to revenue recognition when right of return exists?

A) Revenue E Revenue recognition of the consideration for the transferred products to which the entity is reasonably assured to be entitled.
B) when goods are sold or services are rendered recognition of a refund liability
C) recognition of an asset for its right to recover products from customers on settling the refund liability
D) All of the given answers are in accordance with the accounting standard