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contract

This topic has 1 reply, 2 voices, and was last updated 8 years ago by MikeLittle.

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July 28, 2017 at 1:46 pm #399166
adarsh1997
Participant
- Topics: 646
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Hi Mike!
I have some difficulties understanding the explanations of w2 and w3 in your lectures concerning contracts.
What these two figures (w2 & w3) are?
What do they represent?
Thanks.
July 28, 2017 at 2:27 pm #399175
MikeLittle
Keymaster
- Topics: 27
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Balances due from (or to) customers
The first is in the nature of unbilled work-in-progress whereas the second is a straight forward balance from a receivable
But that’s all explained in the lecture!
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