If Debtors turned over ration is 20 times in 2018 as compared to only 11 times in 2018, there is a possibility of: Select one: a. More thorough credit investigations made by the company late in 2016. b. Unrecorded credit sales in 2018. c. Fictitious sales in 2018. d. Unrecorded cash receipts in 2017.
If Debtors turned over ration is 20 times in 2018 as compared to only 11 times in 2018, there is a possibility of: Select one: a. More thorough credit investigations made by the company late in 2016. b. Unrecorded credit sales in 2018. c. Fictitious sales in 2018. d. Unrecorded cash receipts in 2017.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
If Debtors turned over ration is 20 times in 2018 as compared to only 11 times in 2018, there is a possibility of:
Select one:
a. More thorough credit investigations made by the company late in 2016.
b. Unrecorded credit sales in 2018.
c. Fictitious sales in 2018.
d. Unrecorded cash receipts in 2017.
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