InvestorsHub Logo
icon url

MJ4me

08/22/17 5:43 PM

#102427 RE: junk4cashcars #102425

Just sayin if they shipped say mid July-payment terms of 90 days and their "books" only reflect a "sale" when an invoice is paid...then it will be mid October until those monies from the July ship is in their financials

As mentioned here earlier today-they most likely are a cash basis accounting method. Scenario above is how a cash basis company would record a "sale"-when monies are received versus when "shipped"