Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
Latest activity
Earn Money
Review Website/Apps
Passive Income
Money apps
Paid Survey
Stock
Forex
Real estate
Paid to write
Social Media Monetization
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Personal loan
Retirement
Debt help
Savings for Students
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Business Ideas Forum
Funding a business
Contract of Assets in Business
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Yakub02, post: 308382, member: 94426"] Bill and hold sales A bill-and-hold arrangement is a contract under which goods are sold to a customer but held at the selling entity’s premises until the customer requests delivery. For example, a customer may request an entity to enter into such a contract because of the customer’s lack of available space for the product. Revenue for a bill-and-hold sale is recognised in the usual way, according to whether the customer has obtained control of the asset. The selling entity needs to determine when it satisfies its performance obligation to transfer a product by evaluating when a customer obtains control of that product. For some contracts, this could occur (and revenue be recognised) when the product is shipped from the selling entity’s site or delivered to the customer’s site depending on the terms of the contract. However, a customer might have the ability to direct the use of, and obtain substantially all of the remaining benefits from, the product even though it has decided not to exercise its right to take physical possession of that product. In this case the selling entity does not control the product. In this case, revenue would be recognised when the goods were originally sold [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Business Ideas Forum
Funding a business
Contract of Assets in Business
Top