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Business, 12.11.2019 03:31 marco34perez
Your client performed the physical count of inventory as of november 30, one month prior to year-end. subsequently, your client closed the sales journal on 12/29/xx, two days before year end, and reported those two days' credit sales in january of the next year. assuming the client uses a perpetual inventory system which of the following is most likely to be overstated relating to the year xx financial statements? a. sales. b. cash. c. inventory. d. accounts receivable.
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Your client performed the physical count of inventory as of november 30, one month prior to year-end...
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