debtors question
loopy lou
Registered Posts: 41 Regular contributor ⭐
can anyone help with this
Year2003 Year 2002
Fixed asset 50000 50000
debtors 100000 50000
creditors 100000 75000
turnover 200000 200000
Question
Looking at the above comment on how this will affect you assessment of risk
Year2003 Year 2002
Fixed asset 50000 50000
debtors 100000 50000
creditors 100000 75000
turnover 200000 200000
Question
Looking at the above comment on how this will affect you assessment of risk
0
Comments
-
It would jump up high on areas that have changed significantly.
Your debtors have doubled in a year where urnover stays the same. That either means they changed all debtor credit terms or something is wrong!
Creditors also increased but by 1/3 so I would flag them up too, although you're not asking for those.0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 318 NEW! Qualifications 2022
- 161 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 56 AAT Level 3 Diploma in Accounting
- 87 AAT Level 4 Diploma in Professional Accounting
- 8.8K For accounting professionals
- 23 coronavirus (Covid-19)
- 272 VAT
- 92 Software
- 273 Tax
- 135 Bookkeeping
- 7.2K General accounting discussion
- 200 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 582 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership