sumit_kansal
New member
- Jun 18, 2026
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Guys.. i am confused about financial statement treatment of installment sales and cost recovery method…
Lets say in 2008 i sold a good for $1,000 on installment and my cost of good was $800.
and i received $400 upfront, with $200 paid every year thereafter..
As per installment method, i should realize profit of $80 at the sale.
Now how would i report this transaction on income statement and balance sheet for 2008…
Somebody pls help…
Lets say in 2008 i sold a good for $1,000 on installment and my cost of good was $800.
and i received $400 upfront, with $200 paid every year thereafter..
As per installment method, i should realize profit of $80 at the sale.
Now how would i report this transaction on income statement and balance sheet for 2008…
Somebody pls help…