Audio Transcript Auto-generated
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Hello everyone welcome to my class today we will talk
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about revenue.
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So you have a store, a really nice 11 day
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there was a customer came into your store, wants to
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purchase something that totally was one soldiers.
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You're happy about that.
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But then the customer said I only have 400 in
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my pocket.
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I cannot afford them all.
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So can I pay 400 today and leave the other
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600 like tomorrow you said?
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Yes. You are really nice person.
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Using customers need is the first thing you may consider.
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But another thing that will came into your mind is
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what is your revenue?
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What is the revenue for this transaction?
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Is 400 or is one soldiers in accounting?
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When we identify the revenue?
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We're using the crew basis.
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That means when we consider about the revenue, we do
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not care about the cash flow.
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That is the cash payments or the casually steps.
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We only care about why is that the transaction incurred
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or not?
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So in this transaction, the revenue you should identify.
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It's always all this.
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Okay, understand if you want to know more about accounting,
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come to my class in the Ebs.