Which One of the Following Time Periods Is Included in the Accounts

question 13

Multiple Choice

Which one of the following time periods is included in the accounts receivable period but not in the cash collection period?

• A)the period of time between the receipt of a check and the availability of those funds
• B)time it takes a firm to process incoming receipts
• C)period of time a check is in the mail
• D)the amount of time that it takes a bank to credit a firm's account for a deposit made
• E)period of time it takes an invoice to reach a customer by mail

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Definitions:

Accession

A method of acquiring property rights by adding value to personal property through labor or new materials.

Speakers

Devices designed to produce audio output from an electronic device.

Fixture

An item of personal property that becomes real property when attached in a permanent manner to real estate.

Constructively

refers to a legal interpretation where an action or condition is treated as existing by virtue of a legal fiction, even if not in actuality.