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Should buyer recognize goods that were not delivered by supplier as payables? Why?

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Question added by Kyle Lee
Date Posted: 2018/04/05
Muhammad Zain
by Muhammad Zain , Accounts Officer , 3S Systems - C.GROUP

I did not understand your question. Can you explain it?

Kyle Lee : If a buyer purchased goods on account from supplier on 1st of July and the amount owed will be settled after 3months from the invoice date. All the goods were to be delivered in the month of July but due to insufficiency of stock, buyer only received half of goods on 10th of July. The rest of goods will be delievered in the following months. Should the buyer recognize goods that were not delivered by supplier as payables on 10th of July? Why?

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