Examlex
Whenever there is a knock on the front door, Rex the dog runs down the hallway and barks at the door. For Rex, a knock on the door is a _____ for running down the hallway and barking.
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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