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Well You can't count future sales as revenue. To recognize revenue you have to deliver the product. Here are the things from wikipedia: Risks and rewards
by samfisher83 8y ago
Well You can't count future sales as revenue. To recognize revenue you have to deliver the product.
Here are the things from wikipedia:
Risks and rewards have been transferred from the seller to the buyer
The seller has no control over the goods sold
Collection of payment is reasonably assured
The amount of revenue can be reasonably measured
Costs of earning the revenue can be reasonably measured
- hydro2 8y agoI see, thanks. So you could delay deliveries. They claim to remain profitable next quarter. Which is a good sign. I just couldn’t help noticing. I also don’t see an expected revenue for next quarter. Crossing my fingers for them.