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A bookkeeper forgot to post a credit to Accounts Receivable,but did post the debit part of the journal entry correctly.Then:
Working Capital
The amount of a company's current assets minus its current liabilities, indicating the short-term liquidity position of the company.
Current Liabilities
Obligations or debts that a company is expected to pay off within one year or within its operating cycle, whichever is longer.
Current Assets
These are short-term assets likely to be converted into cash, utilized, or sold within the business cycle or a year.
Utilities Expense
The cost incurred by businesses or households for the consumption of utilities like electricity, water, and gas.
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