09-28-2005, 04:50 PM
Well ahmed, i could not get your question. You are talking about two different situations, if i am not wrong.
One, a software house programs a software for at its own like Quick book, and then make it available in the market. And then sells this product to a customer at the price set by the house.
Two, a software house enters into an agreement with a party to program a software for it. All the terms and conditions including the delivery of product, the invoicing terms, the maintenance terms, ownership terms are there.
Now you please make this clear, of which situation you are talking about as in both situations the pattern of revenue recognition shall be different.
Regards.
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If you are a politician then you are a lier, but if you are a lier you may not be a politician!
One, a software house programs a software for at its own like Quick book, and then make it available in the market. And then sells this product to a customer at the price set by the house.
Two, a software house enters into an agreement with a party to program a software for it. All the terms and conditions including the delivery of product, the invoicing terms, the maintenance terms, ownership terms are there.
Now you please make this clear, of which situation you are talking about as in both situations the pattern of revenue recognition shall be different.
Regards.
------------------------------------------------------------------------------------------------
If you are a politician then you are a lier, but if you are a lier you may not be a politician!
