Miningcave Crypto-Solution is a trendy and dynamic company specializing in the field of Digital-currencies. Always at the forefront and seeking the latest technologies, our mission is to provide both efficient and accessible mining solutions. Whatever the size of your project, our specialists will accompany and advise you in achieving your goals.
Since accounts receivable and inventory are balance sheet items, they do not directly affect your companyâs income statement. Fluctuations or changes in these two current assets always appear on the balance sheet and on the cash flow statement. Revenues on the income statement show up as A/Rs or cash on the balance sheet and cash flow statement.
The beginning and ending accounts receivable can be found on the balance sheets of the first and the last day of the accounting period. Accounts receivable turnover is usually calculated on annual basis, however for the purpose of creating trends, it is more meaningful to calculate it on monthly or quarterly basis.