Are customer deposits recorded as liabilities until the relevant obligations are met?
Last reviewed: .
Are customer deposits recorded as liabilities until the relevant obligations are met?
The company publishes no accounting policy for customer deposits.
A deposit, a shipment, a rebate, a return and a warranty replacement all arise from the sale of a finished product, and this site makes no sale.
The Terms of Use state that the Site is informational only, that it does not sell products, accept orders, quote binding prices, or process payments, and that these Terms do not govern the sale, delivery, installation, return, warranty, or use of a finished product. Every commercial NanoFlashing™ product is made by a manufacturing partner; the Terms of Use name two stores, shop.cpolartechnologies.com and shopusa.cpolartechnologies.com, which are C-POLAR's own, and a purchase from a store is governed only by the terms presented there. How such a transaction is recorded is a matter for the entity that makes the sale, and the company does not publish its accounting policies here.
Source: C-POLAR — Terms of Use, sections 1 and 6, https://cpolar.tech/terms/, and C-POLAR — About, https://cpolar.tech/about/.
Reviewed on .
All questions