Hi all, What are all the adjustments done on all the financial statements that would require adjustments when a company has sold A/R with recourse? Thanks S
increase CL and CA by the amount sold, and the difference gets charged to IE, I believe that is how it’s done by not 100% could someone verify pls?
Sorry duplicated, please look at http://www.analystforum.com/phorums/read.php?11,747636
gettedone that sounds about right