Examlex
According to the goods-service continuum,which of the following is entirely intangible?
Average Collection Period
The average number of days it takes for a company to receive payments owed by its customers.
Collection Policies
Guidelines established by a business to manage the collection of accounts receivable or debts owed to it.
Subsidiary Ledger
a detailed ledger that contains the financial transactions of a specific subsidiary account, summarizing its details, and supporting the general ledger.
Control Account
A general ledger account that summarizes the balances of a set of detailed subsidiary ledger accounts.
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