From an accrual accounting point of view SYT would have needed to recognise and report the Revenue into the Ledger in the period to which the service was provided. In this case Quarter 2 -2017.
Its like a business raising an invoice for services in one month and reporting that as Revenue as they send the invoice out to be paid. Credit : Revenue Debit : Accounts Receivable.
The next month the person receiving invoice pays it and the cash hits the bank account. Debit : Bank. Credit : Accounts Receivable
- Forums
- ASX - By Stock
- Ann: Appendix 4C - March 2017 Quarter
From an accrual accounting point of view SYT would have needed...
-
- There are more pages in this discussion • 61 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)