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In order for your team to complete the Solar Panel which will start after this course on Sep 1st. you are planning to buy
In order for your team to complete the Solar Panel which will start after this course on Sep 1st. you are planning to buy the PV-cells for $100k. So, you created a budget, and you plan to place an order on Oct 15th 2022 to a Chinese manufacturer. After you talked to them, they said that "delivery will be within 3months with NET- 30 terms". Your Comptroller will provide to you "the actual expenses of the project" every month. a. When accounting would they send a check for the equipment? b. When would you be informed of this expense? c. As you make the project budget, when would you account for this expense?
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