BUY 0.00% 0.5¢ bounty oil & gas nl

Difference of Total Revenue (1) $666,386' and 1.1 Receipts from...

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    Difference of Total Revenue (1) $666,386' and 1.1 Receipts from customers $128 128 - its called accrual accounting. Buy has invoiced customers for $666,386 in revenue - when its receives the amount will depend on the trade terms (eg. 30, 60, 90 days from issue of the invoice). The $128,128 received for the quarter could be part of the above or it could relate to the previous quarter.

    You are only looking at a cash flow for the quarter not the P & L or balance sheet - you would expect that the company would have at least $538,258 ($666k - $128K) showing in accounts recievable if a trial balance was produced at thsat date
 
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