BEP should book it as unearned revenue or as an advance from the customer in its current liabilities because unless or until the sale has to be made to this customer sometime in future when the merchandises have been despatched and all the risks and rewards have been transferred to the buyer in accordance with IAS 18 – Revenues.
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BEP should book it as unearned revenue or as an advance from the customer in its current liabilities because unless or until the sale has to be made to this customer sometime in future when the merchandises have been despatched and all the risks and rewards have been transferred to the buyer in accordance with IAS 18 – Revenues.
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