In accordance with AASB15, sales should not be recognised as revenue by the seller at...
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Accounting
In accordance with AASB15, sales should not be recognised as revenue by the seller at the time of sale if:
a. the sale is transacted at a value more than its fair value
b. no payment has been made
c. the selling price is below the cost
d. the buyer has a right to return the product, and the amount of future returns cannot be reasonably estimated
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