Hee Tat Supplies Pte Ltd (Hee Tat) is a major distributor of coffee products. A...
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Hee Tat Supplies Pte Ltd (Hee Tat) is a major distributor of coffee products. A potential customer would send its request to the company and then, a quotation with pricing, delivery and payment terms would be given to the customer. Upon agreement with the terms in the quotation, the customer would issue a purchase order and Hee Tat would deliver the requested order to customers together with the invoice. Explain whether this falls within the scope of FRS 115 Revenue from Contracts with Customers.
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