The owner of Sorena Company has asked your firm not to close the revenue accounts at the end of the fiscal year. "Our year-end income statement will look a lot better if we can fatten up those revenue figures with a couple extra days of revenue," she says.
Sorena Company is a client of Accounting Services, Inc. You work for Accounting Services. I'm your supervisor and have asked you to research this issue and to give me your opinion and recommendations.