What is the most commonly used method of managing cash shortages in businesses that generate little or
Question:
What is the most commonly used method of managing cash shortages in businesses that generate little or no credit sales?
a. Manipulation of accounts payable (AP)
b. Manipulation of accounts receivable (AR)
c. Manipulation of pre-paid expenses
d. Manipulation of payroll expenses
Accounts PayableAccounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive... Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
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Managerial Accounting for the Hospitality Industry
ISBN: 978-1119386223
2nd edition
Authors: Lea R. Dopson, David K. Hayes
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