Which of the following statements on receivables management is least accurate?

Group of answer choices

a/ The sellers control of the supply chain, which reduces the probability of customer default, is referred to as the information advantage.

b/ The sellers estimate of the percentage of the periods credit sales that will be uncollectable is bad debt expense.

c/ If the trade credit period is 30 days and DSO is 40 days, then the average past due is 10 days.

d/ Cash application refers to the process of applying customer payments to their account balances.