Which of the Following Lists Outlines the Best Order for a Typical

question 74

Multiple Choice

Which of the following lists outlines the best order for a typical sequence of activities in the revenue and collection cycle?

• A)Delivering goods,billing customers,credit granting,collection activity.
• B)Customer ordering,delivering goods,billing customer,cash receipts.
• C)Customer ordering,delivering goods,credit granting,collection activity.
• D)Credit granting,billing customers,delivering goods,cash receipts.

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Definitions:

$100 Check

A written, dated, and signed instrument that directs a bank to pay a specific sum of money, in this case, one hundred dollars, to the bearer or to a specified person.

Citizens Bank

A generic name that can refer to any number of banks operated for the benefit of the citizens in a specific locality.

Teller

An employee of a bank or financial institution responsible for directly interacting with customers, particularly handling deposits and withdrawals.

Electronic Funds Transfer

The digital transfer of money from one bank account to another, either within a single financial institution or across multiple institutions.