Question
14Which of the following statements are true? Float, when applied to cash receipts, is the time between payment by customer and the availability of funds
14Which of the following statements are true? Float, when applied to cash receipts, is the time between payment by customer and the availability of funds on deposit and available for use. The general ledger process comprises accumulating, classifying, and recording data, fueling the financial reporting, business reporting, and other reporting subsystems. In a post-billing system, invoices are prepared upon acceptance of the customer order. E-procurement is the use of information technology to automate significant portions of the procurement process. A packing slip authorizes the warehouse to remove goods from the warehouse and send them to the shipping department An instance document is an XBRL document that contains all information, at a given point in time, including tags, about the occurrence of an item.
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