Examlex
The _____ test is the simplest but it is less sensitive in results.
Concentration Banking
Employing one bank to manage the balances in remote accounts. Balances are generally swept into the concentration bank daily.
Wire Transfers
Electronic transfers of funds across a network administered by banks or transfer service agencies globally.
Average Collection Period
The average number of days it takes a company to collect payments from its credit sales.
Credit Sale
A transaction where the payment for the purchased goods or services is deferred to a future date.
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