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NOTE 2 -SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Revenue Recognition (Policies)
3 Months Ended
Sep. 30, 2018
Policies  
Revenue Recognition

Revenue Recognition

 

The Company recognizes revenue from the sale of products in accordance with ASC 606, “Revenue from Contracts with Customers.” The Company recognizes revenue only when all of the following criteria have been met:

 

·         Identify the contract(s) with a customer

·         Identify the performance obligations in the contract

·         Determine the transaction price.

·         Allocate the transaction price to the performance obligations in the contract.

·         Recognize revenue when (or as) the entity satisfies a performance obligation.

 

The Company recognizes revenue related to monthly usage charges and other recurring charges during the period in which the telecommunication services are rendered. Provided that persuasive evidence of a sales arrangement existed, and collection was reasonably assured. Persuasive evidence of a sales arrangement existed upon execution of a written interconnection agreement. The Company’s payment terms vary by clients.