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goldenrule4me

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goldenrule4me

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Thursday, 10/03/2013 10:33:47 PM

Thursday, October 03, 2013 10:33:47 PM

Post# of 56916
Looks like some need an accounting class here - when you look at a balance sheet - it reflects everything as of a certain date. If you had revenues from a casino - generally they will be cash - NOT A/R. Casinos do not sell on credit. They take your money as you go. So their revenues would be in cash. not A/R. If there was no cash at the end of June - that means that the money was spent. It would show on the income statement as an expense.
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