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View Full Version : Inventory and Deferred Revenue


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.