Canada How to treat the loss of the revenue due to the late delivery

[Natalya Kero]

Here is a situation: In accordance with the internal policy, the vendor has not charge for the goods that were delivered late. The question: I assume if the vendor did not charge, then the sale was not recorded? Or if the sale was initially recorded, what would be the correct way to adjust revenue, COGS, AR?

Thanks,

Natalya

 

[Fidget]

You can't sell something that you don't have, which seems to be the case here since the vendor delivered the goods late?

 

[Natalya Kero]

Thank you. To clarify the situation. it is an extract from the case. It says that the vendor delivered the goods but did not charge for it. I assume the purpose of the exercise is to adjust the income statement. My problem now: should I assume that the sale was never recorded if the "vendor did not charge the customer"...Should I record it.. ? If sales is not gonna be recorded, how to treat the COGS?
I appreciate your help!