If sales were overstated by recording a false credit sale at the end of the year, where could you find the false "dangling debit?"
a. cost of goods sold
b. inventory
c. bad debt expense
d. accounts receivable
Answer: d. accounts receivable
If sales were overstated by recording a false credit sale at the end of the year, where could you find the false "dangling debit?"
a. cost of goods sold
b. inventory
c. bad debt expense
d. accounts receivable
Answer: d. accounts receivable
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.