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To: TGPTNDR who wrote (92348)1/16/2003 11:29:00 AM
From: Road WalkerRespond to of 275872
 
TGP....,

AR is money that is owed, that has already been booked as revenue. Generally, revenue is booked when the product is shipped (in the case of distributors, it is sometimes not booked until sold through). It then becomes AR until the bill is paid.

John



To: TGPTNDR who wrote (92348)1/16/2003 5:23:32 PM
From: qgambitRead Replies (1) | Respond to of 275872
 
<<And why What you are implying is not possible.

Message 18450783

Just curiosity and lack of accounting knowledge on my part.>>

Reducing accounts receivable and increasing revenue are both credits to those accounts. Its an impossible entry so both must be caused by something else (like collecting a lot of cash of customers).

To create fake revenue you have to create (increase) fake receivables.


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