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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