Telecommunications
Handset Outright Purchase — Walk-In Sale
Recording the sale of a handset to a customer who pays full price with no contract.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash / POS Terminal | Asset (+) | 350.00 | - |
| Handset Sales Revenue | Revenue (+) | - | 350.00 |
| Cost of Goods Sold (Handsets) | Expense (+) | 280.00 | - |
| Handset Inventory | Asset (-) | - | 280.00 |
💡 Accountant's Note
An outright sale has a single performance obligation — transfer of the handset. Revenue and COGS are recognized simultaneously at point of sale. No deferral or bundle allocation is required.
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