It is so much a pure and simple contract

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Under such conditions, it is not possible to fail to record the contract on the date it was concluded. However, if it has been recorded, it cannot fail to be included in the balance sheet. This is stated by a great authority, DE GREGORIO, “Bilanci delle società anonime”, 2nd ed., page 229: “since the balance sheet has the purpose of accurately displaying the situation of the company's assets and all obligations with a patrimonial content are part of it, those arising from deferred execution operations must also be understood and evaluated in it”.

Nor the opposite, stated DE GREGORIO, when he wrote on page 227, note 2, explaining the expression profits actually obtained in Italian law, with regard to deferred executions:

“They are not yet really achieved, not because they have not yet sms gateway brunei been received , because this condition, as we will see, is not imposed by law in the aforementioned articles 176 and 181, but because, since the company can only dispose of the acquired goods in the future , it cannot consider as achieved the profit derived from the difference between their cost price and their current value… given that the possibility of realizing such difference at the time of the balance sheet, which may have disappeared completely when “the goods are consigned”, is no longer possible.

It was thus quite clear that DE GREGORIO dealt with a different hypothesis from that contained in the consultation, since he explained the case in which the company only makes the sale in the future, that is, only after receiving the goods. However, in the case of the consultation, the sale is made before receiving the goods, a possibility that no one disputes, since the reseller has a concluded contract, which ensures the delivery of the item purchased and resold. In such a case, DE GREGORIO admits that the difference can be accounted for, as can be seen from the same passage in the emphasis in parentheses that I now reproduce: “granted that it can consider the aforementioned profit as having been achieved in cases where it is a question of evaluating the goods that it can already dispose of as owner”.