An automobile dealership, Kerete Hebat Bhd has different models of cars available to be used by its customers for test drives. the cars used for test drives are used for more than six months and then they will be sold as used cars. Kereta Hebat Bhd sells both new and used cars.

Required: Is the sale of car used for test drives accounted for as revenue or as gain?

Answer rating: 100% (QA)

In this case Sale of used car is accounted for as revenue Because Kerete ... View the full answer