Advise what the auditor should do if portion of balance paid, Accounting Basics

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Advise what the auditor should do if portion of balance paid

Problem

An accountant is confirming an AR balance as of year end. The invoice was for 2020 and was over 900k. $300k of the balance was paid during 2021 and the rest was paid during 2022

Advise what the auditor should do if portion of the balance was paid in 2021.

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Accounting Basics: Advise what the auditor should do if portion of balance paid

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Accounting Basics: Advise what the auditor should do if portion of balance paid

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