Consider the following situation relating to your client (XYZ Limited) for the year ended 30 June 2022.

In the last quarter of the year, XYZ Limited began selling merchandise to customers in regional areas of Australia. Merchandise is sold to all customers, irrespective of location, on credit terms of net 30 days.

Identify the account and assertion most at risk of material misstatement as a result of the above situation. Provide a brief explanation for your answer.