Techniques Applied for Accounting of Revenues with Deferred Payments

Traian Cristin Nicolae ()
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Traian Cristin Nicolae: Department of Finance and Accounting , Faculty of Economic Sciences, University “OVIDIUS”, Constantza, Romania

Ovidius University Annals, Economic Sciences Series, 2016, vol. XVI, issue 1, 569-572

Abstract: In accounting of the entities it is not always clear difference between income and gains. Gains arising from transactions that are associated with the operations that are not ordinary and that can sometimes be significant. For example, the headquarters of a company in wich it operates can be sold later to realize a profit from the sale. An investment company can own because they can generate revenue through sales. When properties are sold, the resulting gain will be included in the total turnover. Such a society will include properties held in current assets category. Normally, other business records and property and property held any gain from their sale will be reflected in an account that is not part of the turnover. The paper describes specific aspects of accounting of revenues from sales with deferred payments.

Keywords: revenue; deferred payments; fair value. (search for similar items in EconPapers)
JEL-codes: G32 M41 (search for similar items in EconPapers)
Date: 2016
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