Cash Collected from Customers Can Be Computed by the Following

question 112

Multiple Choice

Cash collected from customers can be computed by the following formula:

• A) ending accounts receivable plus beginning accounts receivable minus sales
• B) ending accounts receivable minus beginning accounts receivable plus sales
• C) beginning accounts receivable minus ending accounts receivable plus sales
• D) beginning accounts receivable minus ending accounts receivable minus sales

---

Definitions:

Real Defenses

A limited set of defenses that can be used to challenge the enforceability of a negotiable instrument, including forgery, fraud, and duress.

Personal Defenses

Defenses used in legal contexts that are specific to an individual, often used to avoid enforcement of a contract or to combat allegations in civil or criminal cases.

Holder

A party in possession of a negotiable instrument.

Fraud In The Factum

A type of fraud where a person is deceived into signing a document without understanding its true nature or consequences, resulting in an invalid agreement.