Question: Question 2 Under IFRS, where a right to return exists, a refund liability is recognized. this right does not need to be disclosed or accrued

Question 2
Under IFRS, where a right to return exists,
a refund liability is recognized.
this right does not need to be disclosed or accrued anywhere.
sales returns and allowances are recognized as contra accounts to Revenues and Accounts Receivable.
this right is disclosed in the financial statements; no accrual necessary.
Question 2 Under IFRS, where a right to return exists, a

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