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Re: OLWALRUS post# 15597

Thursday, 05/22/2008 1:24:37 AM

Thursday, May 22, 2008 1:24:37 AM

Post# of 20457
thank you - your response confirms that you have never put together any type of financial statements - look under accrual accounting

on the expectation of payment - who decides? the person who did the work or the company he did work for? lol - you book it and than if things do not turn out what was intended you book a reserve later on - reversal in this case for the company

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