Question
Which one of the following is the correct sequence of events related to the cash flows from a credit sale? Group of answer choices Credit
Which one of the following is the correct sequence of events related to the cash flows from a credit sale?
Group of answer choices
Credit sale is made; Customer mails cheques; The bank credits the firm's account; Firm deposits cheque in bank.
The bank credits the firm's account; Credit sale is made; Firm deposits cheque in bank; Customer mails cheques.
Credit sale is made; Customer mails cheques; Firm deposits cheque in bank; The bank credits the firm's account.
Credit sale is made; The bank credits the firm's account; Customer mails cheques; Firm deposits cheque in bank.
Customer mails cheques; The bank credits the firm's account; Credit sale is made; Firm deposits cheque in bank.
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