A-LevelAccountingPreparation of financial statements9706/12 · Feb/Mar 2020 · Q91 Mark
A trader sent goods to a customer on a sale or return basis. At the trader's year end he had not heard if the customer had accepted the goods. Where should the value of goods be included in the trader's books of account at the year end?
Ainventory and sales revenue
Binventory only
Csales revenue and trade receivables
Dsales revenue only
✓ Correct answer
B: inventory only
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