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Re: ESP24 post# 40650

Monday, 05/04/2015 6:08:32 PM

Monday, May 04, 2015 6:08:32 PM

Post# of 57329
Yes, what is suspect is not the $662 as such but a combination of two things:

Why almost all receivables would be round $1K numbers. Companies selling goods have invoices that are not in round numbers, and so are companies selling services billed by the hour.

And why the odd $662 receivable is staying on the books for so many quarters. A receivable aged 90+ day should generate an accounting provision for bad receivables in normal accounting.

The non-explanation that "only even thousands of the receivables were carried forward" does not make any accounting sense to me.