E-commerce
COD Order — Revenue Recognized at Delivery
Recognizing revenue at the moment the courier confirms successful delivery of a cash-on-delivery order.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Receivable: Courier (COD) | Asset (+) | 150.00 | - |
| Sales Revenue | Revenue (+) | - | 150.00 |
| Cost of Goods Sold | Expense (+) | 60.00 | - |
| Merchandise Inventory | Asset (-) | - | 60.00 |
💡 Accountant's Note
Revenue and COGS are recognized simultaneously at point of delivery. Control passes to the customer when the courier confirms handover, not when the order is placed.
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