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According to IFRS 15 Revenue from contracts with customers, revenue from the sale of goods...

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Accounting

According to IFRS 15 Revenue from contracts with customers, revenue from the sale of goods should be recognised at a single point in time when: (i) Goods or services have been transferred to customers (ii) the entity is entitled to consideration for the goods or services transferred to customers (iii) It is possible that the economic benefits associated with the transaction will flow to the entity (iv) The costs incurred or to be incurred in respect of the transaction are known with absolute certainty

(ii) and (iv)

(i) and (iv)

(iii) and (iv)

(i) and (ii)

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