If Comapny A is a seller and Company B is the buyer... Co. A sells...
70.2K
Verified Solution
Link Copied!
Question
Accounting
If Comapny A is a seller and Company B is the buyer... Co. A sells spare parts on just in time inventory basis and company B tells company A an outline of what parts they may need during the year. Co. A buys from vendor - not involving Co. B in purchase but ships to company B, but transfer of ownership doesnt occur until B places a purchase order. How should A recognize revenue???? PLEASE EXPLAIN
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.