Which One of the Following Occurs During the Accounts Receivable

question 76

Multiple Choice

Which one of the following occurs during the accounts receivable period but NOT during the cash collection period?

• A) The time it takes for a customer's cheque to move through the mail.
• B) The time between the occurrence of a sale and the mailing of the payment by the customer.
• C) The time it takes for a bank deposit to be added to the firm's available balance.
• D) The time it takes for a firm to analyze a new customer to determine if credit will be granted.
• E) The time needed for a firm to deposit a customer's cheque.

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Definitions:

Add

The mathematical operation of combining two or more quantities to get a sum.

Simp

Colloquially, a person who is perceived as excessively deferential, subservient, or attentive, often to someone they are attracted to, potentially to their own detriment.

Add

A mathematical operation that combines two or more amounts to get a total.

Simp

In colloquial use, shorthand for 'simpleton'; in internet culture, someone overly submissive to someone they're attracted to without reciprocation.