Return Fees represent charges imposed on customers related to product returns, such as restocking fees or return shipping charges recovered from the customer. These amounts are recognised as revenue when the entity has a right to consideration and the performance obligation associated with the fee has been satisfied.
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article