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If Accounts Receivable Decreases,this Indicates That Revenues Exceed Cash Receipts

question 127

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If accounts receivable decreases,this indicates that revenues exceed cash receipts from customers.

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Definitions:

Note Receivable

A financial document representing a promise to pay a specific amount of money on a specified date or upon demand.

Day Note Signed

The date on which a promissory note (a written promise to pay a specified amount under agreed terms) is executed or agreed upon.

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