Telecommunications
Handset Installment Plan — In-House Financing
The telecom offers 12-month installment payments for a handset without a third-party lender.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Handset Installment Receivable (Current) | Asset (+) | 150.00 | - |
| Handset Installment Receivable (Long-Term) | Asset (+) | 1,050.00 | - |
| Handset Revenue | Revenue (+) | - | 1,200.00 |
💡 Accountant's Note
When the telecom provides in-house financing, the full handset revenue is recognized at delivery (control has passed). The receivable is split between current and long-term based on when installments are due.
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