The Following Information Relates to Truman Unlimited for the Past

question 143

Multiple Choice

The following information relates to Truman Unlimited for the past two years.

Days' sales in receivables for the current year is closest to

• A)61.85 days.
• B)50.83 days.
• C)79.50 days.
• D)9.60 days.

---

Definitions:

Computer

An electronic device capable of processing, storing, and retrieving data, used for a wide range of tasks from computing to entertainment.

Double-Entry Bookkeeping System

An accounting technique which records each transaction in two accounts, ensuring the total debits equal total credits.

Fully Integrated Ledger System

A fully integrated ledger system is an accounting system where all the different financial and accounting records are comprehensively interconnected and maintained within a single framework.

Financial Transactions

The process of exchanging assets, settling debts, or conducting monetary dealings between parties.