Accountıng I Deneme Sınavı Sorusu #1313921
"Accounts receivable arises ......." Which of the following appropriately completes the statement above?
before the sales revenue account is credited by banks |
when the company has to debit accounts receivables |
when another company buys the company's goods or services on cash basis |
when a company sells goods or services to its customer on credit |
when thebasic sales transaction has no cash and income increasing effect |
Yanıt Açıklaması:
Recognizing accounts receivable is comparatively simple and straight. Accounts receivable arises when a company sells goods or services to its customer on credit in its normal course of business. Normally a 30 to 60-day time period is entitled to the debtors for payment. D is the right answer.
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