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CUT OFF

This topic has 1 reply, 2 voices, and was last updated 6 years ago by Kim Smith.

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October 2, 2018 at 4:38 pm #476147
iza1
Participant
- Topics: 115
- Replies: 112
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.
October 2, 2018 at 7:00 pm #476156
Kim Smith
Keymaster
- Topics: 134
- Replies: 8308
Please 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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