If accounts receivable turnover (credit sales/receivables) was 7.1 times in 2009 compared to only 5.6 times in
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If accounts receivable turnover (credit sales/receivables) was 7.1 times in 2009 compared to only 5.6 times in 2010, it is possible that there were
a. Unrecorded credit sales in 2010.
b. Unrecorded cash receipts in 2009.
c. More thorough credit investigations made by the company late in 2009.
d. Fictitious sales in 2010.
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Related Book For
Auditing And Assurance Services
ISBN: 9780073527086
7th Edition
Authors: William MessierSteven Glover
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