Question
As a general rule, the average collection period for accounts receivable should not exceed a) the inventory turnover period. b) the credit terms. c) one
As a general rule, the average collection period for accounts receivable should not exceed
a) the inventory turnover period.
b) the credit terms.
c) one month.
d) the average age of accounts receivable.
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Advanced Accounting
Authors: Debra JeterJames Reeve, Jonathan Duchac, Horace Brock, Paul Chaney
4th Edition
0470506989, 978-0470506981
