(Total Views: 372)
Posted On: 06/10/2019 9:54:43 AM
Post# of 40991
If you had credit sales that were exaggerated it would be a SLAM DUNK RED FLAG if there was very little A/R right? Especially when the cash flow reports can't prove where the money went.
Sales show up on Income Statement.
Accounts Receivable show up on Balance Sheet.
You have to have offsetting journal entries. That is how accounting works in the real world.
For the record, the sales are booked according to pre-arranged contract terms set up by SB. Nowhere in that contract does he say that he has to actually ship those units. They are all book entries imo.
I think most here realize that by now. If over 38,000 units had truly been sold you would think we would see comments from more than 10 users spread out amongst all the worldwide message and comment boards. But we don't.
I know you are smart. It's a pretty simple explanation.
Sales show up on Income Statement.
Accounts Receivable show up on Balance Sheet.
You have to have offsetting journal entries. That is how accounting works in the real world.
For the record, the sales are booked according to pre-arranged contract terms set up by SB. Nowhere in that contract does he say that he has to actually ship those units. They are all book entries imo.
I think most here realize that by now. If over 38,000 units had truly been sold you would think we would see comments from more than 10 users spread out amongst all the worldwide message and comment boards. But we don't.
I know you are smart. It's a pretty simple explanation.
Quote:
I love how the bashers keep saying how the fins are fake but continue to comment about accounts receivable being too high. So that part isn't fake then, eh? SMH.
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