i cant understand this chart for cut off. please help.
------------------- YEAR END------------------------
Before
GRN
included in
payables
purchases
inventories
After
GRN
not included in
payables
purchases
inventories
GDN
before year end
Included in
sales , recievables not inventory
after year end
gdn
included in inventories only not sales not recievables.
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CUT OFF
8y ago#1Please state the source of this chart. You may find my response to the post "Sales revenue recognition" around mid-Aug helpful.
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