Answer:
Both sales and account receivable
Explanation:
In the case when the company sells the goods or services on an account and the revenue is to be recorded prematurely so here the both accounts i.e. sales and the account receivable are overstated as it impacts these two accounts
Therefore the same is to be considered
hence, Both sales and account receivable are overstated
I think the answer to your question is Mathematical/Logical.
Answer:
Explanation:
A timeline list events in a chronological order.
If cash flows do not occur annually, a timeline can still be meaningful. Timelines can represent cash flows that occur daily , monthly, quarterly , yearly , bi - annually etc
In cases where some cash flows occur annually and others occur quarterly, the space on the timeline between cash flows that occur annually and cash flows that occur quarterly woild be different in order to indicate the different lengths of time.
I hope my answer helps you
Answer:
you could easily look that up
Explanation: