One Type of Accounts Receivable System Is Balance-Forward, the Other

question 114

Multiple Choice

One type of accounts receivable system is balance-forward, the other is:

• A) debit card system
• B) Automated Clearing House system
• C) Electronic Funds Transfer system
• D) open-item system

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Definitions:

Financial Prospects

Future financial opportunities or potential for earnings, investments, and economic growth for an individual or entity.

Youthfulness

The characteristics, qualities, or appearance traditionally associated with young people.

Slightly Sarcastic

Describes a tone or manner of speaking that involves mild, playful sarcasm intended to amuse or tease without causing harm.

Commutation

The action of substituting one thing for another or the process of changing a penalty to a less severe one.