An Example of Internal Documents Is

question 28

Multiple Choice

An example of internal documents is:

• A) employees' time reports.
• B) bills of lading for purchases.
• C) bank statements.
• D) cancelled cheques.

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Definitions:

Net Days

This term signifies the number of days within which a payment is due after an invoice has been received.

Cash Conversion Cycle

A metric that expresses the time (days) it takes for a company to convert its investments in inventory and other resources into cash flows from sales.

Accounts Receivable

Money owed to a company by its clients or customers for goods or services that have been delivered but not yet paid for.

Inventory

The raw materials, work-in-process products, and finished goods that are considered to be the portion of a business's assets that are ready or will be ready for sale.