As an accountant on an accrual basis, you have $25,000 in client checks that you havent deposited
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As an accountant on an accrual basis, you have $25,000 in client checks that you havent deposited at the end of the year. $10,000 of the checks replace checks that bounced earlier, and that you had taken into income. For $5000 of the checks, you were asked to deposit them on Jan 2, and the remaining $10,000 were posted for Feb 2023. How much is your income?
Related Book For
Financial Management for Public Health and Not for Profit Organizations
ISBN: 978-0132805667
4th edition
Authors: Steven A. Finkler, Thad Calabrese
Posted Date: