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EXCEL - IDEA: XBRL DOCUMENT - ZD VENTURES CorpFinancial_Report.xls
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EX-31.1 - EXHIBIT 31.1 - ZD VENTURES Corpcert3112q13.htm
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v2.4.0.6
BUSINESS DESCRIPTION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Revenue Recognition (Policies)
3 Months Ended
Sep. 30, 2012
Policies  
Revenue Recognition

(E) Revenue Recognition

 

The Company’s key revenue source is expected to be a percentage commission receivable from ultimate sellers with whom the Company enters into definite affiliate program. The Company is not responsible for holding any inventories nor does it have any latitude in establishing prices. Commission received from sellers and similar amounts earned through other seller sites are recognized when items are sold by sellers and our collectability is reasonably assured. We record an allowance for estimated refunds on such commission using historical experience.