Booking Sales in Advance of Actual Contracts Is Not a Violation

question 278

True/False

Booking sales in advance of actual contracts is not a violation of accounting rules.

---

Definitions:

CISG

The United Nations Convention on Contracts for the International Sale of Goods, a treaty that provides a uniform set of rules for the international sale of goods.

International Contract

An agreement enforced across national borders, involving parties from different countries.

Merchants

Individuals or businesses involved in the trade of goods, services, or commodities for profit.

Juriscience

In the development of the law, the point at which science, technology, and the law intersect.