Question: QUESTION 3 On the 3rd August, a customer enters into a contract with XYZ Ltd for the sale of goods. The goods cost $15,000 and

QUESTION 3 On the 3rd August, a customer enters into a contract with XYZ Ltd for the sale of goods. The goods cost $15,000 and the buyer has the option to return the goods for a full refund up to 30 September 2020 if the goods do not perform according to their specification. The customer pays for the goods in full on 2 September 2020 and the goods are delivered on 12 September 2020. If following AASB 15, on what date should XYZ Ltd recognise the revenue? 3rd August O2 September 12 September 30 September

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