(Total Views: 353)
Posted On: 03/06/2020 11:02:15 AM
Post# of 82686
Constructive receipt of revenue in accrual basis accounting tells us that once revenue has been earned and invoiced to the client - it is recorded on the books as revenue. So yes, you likely are extremely correct in that statement.
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My comments are only my opinion and are not to be used for investment advice. Please conduct your own due diligence before choosing to buy or sell any investment.
