A client is using the Sales on Account workflow. Instead of receiving a payment against the invoice, they add a new deposit categorized to an income account.
What 2 problems will this cause?
(Select all that apply)
They will create duplicate expenses
Their Accounts Receivable balance will not be accurate
The income account will show duplicate income
The income will not be recorded
Their Accounts Payable balance will not be accurate
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Answer:
1.Their Accounts Receivable balance will not be accurate 2.) he income account will show duplicate income
Explanation:
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