Replies to post #100474 on NaturalShrimp Inc (SHMP)

[dogdays]

Sort of not correct at all....SHMP records all transactions in accordance with "GAAP" that is the accrual basis of accounting, recognizing the revenue when the transaction is entered....what you are referring to "I would hope they record a sale when they receive the consideration" is the cash base of accounting and is not recognized at all......please read the notes to the F/S for further clarification....basic accounting 101....



















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