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    KadeeTalbot's Avatar
    KadeeTalbot Posts: 1, Reputation: 1
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    #1

    Jan 22, 2009, 10:29 PM
    Cash, Receivables, and Inventory
    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's Avatar
    frostedflake Posts: 4, Reputation: 1
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    #2

    Feb 19, 2009, 05:43 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's Avatar
    pready Posts: 3,197, Reputation: 207
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    #3

    Feb 19, 2009, 07:05 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.

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