Which of the Following Is NOT True Regarding Accounts Receivable

question 17

Multiple Choice

Which of the following is NOT true regarding accounts receivable?

• A)Accounts receivable arise from credit sales where we debit account receivable and credit sales.
• B)The risk is that a customer may break their promise to pay resulting in a bad debt or uncollectible account.
• C)It is important to track accounts receivable to determine if accounts are collected in a timely manner.
• D)Due to a company's prescreening activities,it is generally not that important to track the receivable after the credit sale.

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Definitions:

Trait Theories

Theories in psychology that focus on identifying, describing, and measuring individual differences in behavioral predispositions.

Self-Actualization

The act of reaching or fulfilling one's own capabilities and talents, perceived as an inherent desire or requirement in everyone.

Unconscious Motives

Unconscious motives refer to hidden and automatic drivers of behavior that are not accessible to an individual's conscious awareness.

Typical Behavior

Typical behavior refers to actions or reactions that are considered normal or expected in a given context, based on societal standards or norms.