The owner of Sorena Company has asked your firm not to close the revenue accounts at the end of the fiscal year. "Our year-end income statement will look a lot better if we can fatten up those revenue figures with a couple extra days of revenue," she says. Sorena Company is a client of Accounting Services, Inc. You work for Accounting Services. I'm your supervisor and have asked you to research this issue and to give me your opinion and recommendations.

Answer rating: 100% (QA)

At the commencement of every year an organization gets ready for the following fiscal year by closin... View the full answer