Accounting Standards Codification 605-25-5

a) Accounting Standards Codification section 605-15-25-1, when an entity gives the buyer the right to return products, the revenue from the transaction should be recognized at the time of sale only if all conditions are met.
b)’’ Right of return’’ means consumer (buyer) has right to return product to the seller under certain circumstances like not satisfaction of Accounting Standards Codification 605-15-05-3. ‘’Bill and hold’’ is when an organization has a contract with a consumer to bill for products but the entity has physical possession of the commodity until it is transferred to the customer at a point in time in the forthcoming Accounting Standards Codification 606-10-55-81.
c) When a buyer has the right to return a product, the seller