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Which of the following is/are criteria for recognizing revenue from a sale?

a) Title and risks of ownership have been exchanged.

b) The company is reasonably assured of collecting the receivable.

c) The customer has, in turn, sold the product to its own customer.

d) Both title and risks of ownership have been exchanged and the company is reasonably assured of collecting the receivable.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M941205

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