Ann: WHA Completes Capital Raising, page-42

The sales definitely doesn't equal to cash receipts. When you send your invoices to the clients/customers: Dr Account Receivable Cr Sales When the payment hits the bank: Dr Cash at bank Cr Account Receivable There will be 30/60/90/180 days or even longer period for the clients/customers to actually pay the invoices. So it is almost certain a company in wholesale industry will have a discrepancy between sales figure and cash receipts.