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KadeeTalbot
Jan 22, 2009, 09:29 PM
Which of the following is the most important for an organization to manage: cash, receivables, or inventory? Why? Is one more susceptible to fraud and errors than the others? Explain your answer. How would a misstatement in each affect the organization
frostedflake
Feb 19, 2009, 04:43 PM
Most Important is Inventory. Second is Accts. Rec. The result is Cash. You need the cash to buy more stuff to sell on account to customers that will be good for it when you need cash to buy more stuff...
pready
Feb 19, 2009, 06:05 PM
The most important is Cash because it is the most liquid of assets. Also cash is the most susceptible to Fraud and errors than the other items.