Enzyme Environmental Solutions Inc (EESO)

[enzymesarecool]

Steve,

Correct me if I am wrong but, let's simplify this. I am trying ot do the simplest of analysis on this.

PRETEND:

I am a start out business with no cash and no A/R.

I make a sale on the last day of the quarter for $100.

I record it as a sale of $100.

If the other side of the entry is not cash or A/R then what can it be. At the end of that quarter, absent any other entries, I have either 100 cash or 100 A/R from that sale.

My point is that it is impossible by most accounting standards to do as Jared presented and say that A/R went up by more than sales in a quarter but I am willing to be proven wrong on this - in Q4 his A/R went up by 1.2 million on sales of 0.8 million - I call BS on that one as it is impossible by GAAP. COrrect or Incorrect???