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From ATO:A common error here is when the contract and settlement...

  1. sun111
    3,673 Posts.
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    27/06/12
    11:03
    Post #: 10357816
    From ATO:

    A common error here is when the contract and settlement date cross over financial years. In this case, the sale should be recorded as occurring at the contract date.


    You can read more on:
    http://www.ato.gov.au/corporate/content.aspx?doc=/content/00196832.htm
    CCC Price at posting: 8.7¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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