Celestial wrong to treat returnable products as sales

Celestial Nutrifoods ? which posted a rare ?negative revenue? in its second quarter ? should not have recognized goods with rights of return as sales, accounting experts have told BT. Its practice runs afoul of its own accounting policy, they add. Associate Professor Khoo Teng Aun said that in some industries, return rights such as product obsolescence protection and stock rotation are offered to customers.