Replies to post #51817 on DHS Holding Co. (fka DHSM)

[My3girls]

Goldenrule--Thanks for the clarification. :)

[Militia Man]

Thanks for the information. A little goes a long ways!

goldenrule4me Thursday, October 03, 2013 10:33:47 PM
Re: None Post # of 51843
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.