An auditor discovered that a client's accounts receivable turnover is substantially lower for the current year than for the prio

Question

Vikentia [17]

2 years ago

14

An auditor discovered that a client's accounts receivable turnover is substantially lower for the current year than for the prio

r year. this may indicate that?

Social Studies

1 answer:

Sloan [31] · Answer 1 · 2023-06-04T14:07:52+03:00

This may indicate that: There was an improper cutoff of sales at the end of the year.

<h3>What is sales ?</h3>

Sales are actions associated with selling or the quantity of items sold during a specified time frame. Sales could include the provision of services in exchange for payment.

When the buyer makes an acquisition, appropriates something, issues a requisition, or engages the seller directly at the point of sale, the seller or provider of the products or services completes a sale. There is a transfer of title (property or ownership) of the item and a price settlement, in which a price is agreed upon for which the transfer of ownership of the item will take place. The sale is normally executed by the seller, not the buyer, and it is possible for it to be done before the buyer is obligated to pay.

To learn more about sales from the given link:

brainly.com/question/7355007

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