A Customer's Check Received in Settlement of an Account Receivable

question 91

True/False

A customer's check received in settlement of an account receivable is considered cash.

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Definitions:

Strategic Plans

Defining organizational goals, devising action plans, and allocating resources to meet long-term objectives.

Action Directions

Guidelines or instructions designed to steer activities towards the achievement of specific goals or objectives.

Broad

Wide in extent or scope; encompassing a large area or range.

Comprehensive

Thorough and complete in coverage or scope, addressing all necessary aspects of a topic or issue.