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sales cut-off

This topic has 1 reply, 2 voices, and was last updated 9 years ago by Ken Garrett.

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April 15, 2015 at 3:22 pm #241386
Shaharia
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- Topics: 14
- Replies: 10
why invoices for goods despatched after the count does not appear in income statement for the period?
April 15, 2015 at 6:08 pm #241424
Ken Garrett
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- Topics: 10
- Replies: 10522
If goods have not been despatched, the assumption is that they have not been sold in the period. In general date of sale = date of despatch (though there might be some exceptions).
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