Review on accounting of revenue related to net turnover of the SMMs
Review on accounting of revenue related to net turnover of the SMMs

Summary/Abstract: The categories or types of income included in the turnover characterize the profile of the basic business and, naturally, have the largest share in the total income of the entity. Analysing the layout of the profit and loss we see that the net turnover also includes the operating subsidies reflected through the 7411 "Income from subsidies related to turnover" account. In our opinion proceeds from the sale of goods cannot be recognized in case of the internal operations within companies, such as: the transmission of products and goods for sale in own shops, the use of goods for the internal needs of the company etc.

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