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1.2¢ lithium universe limited

10c Party, page-987

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BigWill2018

7,657 Posts.

1991

29/07/21

16:46

Post #: 54877214
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Originally posted by DannyDiamondHands: ↑

So this is imperfect accounting understanding, an actual accountant can probably clarify.
My point being I don't recon we see any rev for rewired until it happens...

Reported revenue doesn't care about when the money hits the bank account. It could be upfront or at end or mixed or on 90 day payment terms or whatever.

Revenue gets counted in the period it was earned.

So I suppose so if work is being done and any rev payment relates to doing custom work then it could show up based on that.

If the rev relates to deliver this product (tournament) over some date range then the rev would fall into that period... Even if they paid cash upfront or plan to pay 90days after completion

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oh sorry was thinking you were thinking what the qtrly might be saying which is CF.

Not an accountant so cannot really say but it could depend on when 'work' started as you technically started work then not launch or end of delivery.

However can see it being either or.

ESH Price at posting: 0.8¢ Sentiment: Buy Disclosure: Held
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