malccounting
Jan 5, 2011, 09:52 AM
If I were to make a sale. Then go buy the product from my supplier and begin to make it (consumer made wine products). Would I call the revenue deferred revenue or would I account for the revenue right away and the expense of the goods as well.
Basically I'm asking for the best and most suitable journal entries.
Basically I'm asking for the best and most suitable journal entries.